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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (55098)3/21/2015 5:33:08 PM
From: Paul Senior  Read Replies (1) of 78748
 
Upon reflection, I want to alter and add these statements:

Yes, could be a worrisome time to buying into the oil services sector. With several stock market indices near all-time highs, to me it's a time to be worried about buying almost anything
.

I'm not much worried about buying a few shares of HOS. What'll hurt me if the stock goes down 25% or more isn't the dollar loss of it, but rather the loss I could incur with all the other e&p and e&p-related stocks I have in the sector(s) that might be going down with it as well.
With several stock market indices near all-time highs, I shouldn't need to fret about committing some money to a stock. What I believe I should be worried about is holding on to all the stocks I already own. To that end, I've reduced positions in many and sold some, and my cash position is the highest it's ever been. I'm still worried, and am still messing about trying to raise even more cash.
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