hi,
I also own SDC and lots of other related stocks. I am in this sector
for alomost 2 years in and out. Buy more and sell less. Overall, I
make big profits on it. I saw this kind of situation more than 10
times. It is so wild. I got tired of searching why.
Fist time I got scared out for some irrational reason. Of course,
later on I pounded the table I won't do that again. It is the only
sector IMO that I fully believed that I can count on for many years.
See, only this sector received no downgrade, no warning. Only we can
get is stocks upgrade, split, stocks buy back, earning target raised,
outlook getting better, dayrate keep going up and supply still tight,
the oil co keep drilling, etc.
The only negative we can get is
1) MAYBE oil price WILL drop
2) MAYBE OPEC WILL ship too many oil
3) MAYBE winteris WILL not cold enough
4) MAYBE oil co WILL not spend that much
5) MAYBE stocks price WILL not get higher
6) MAYBE SE asia people WILL not have US $ to buy oil
7) MAYBE world warming, people WILL not use oil
8) MAYBE fundamental WILL change
9) MAYBE oil drl/srv co WILL lose money
Do you know
1) the oil price is stablized above $18 and the demand is increasing
2) some OPEC countries anounced they had already reached their
production limit and couldn't ship more oil even they want to
3) This winter is getting colder & colder in some major cities
4) according to survey, 87% of oil co plan to increase their E & P
spending next year since their management believe the current
energy situation is better than anytime before.
5) ....
Any sector or any stocks, at any time always have postive or negative
view around, especial now. I get conviced if I buy aggressive now, I
am going to have hugh reward next year. Like few times before.
Forget about those MAYBE and WILL
Buying opportunity is solidly formed.
Merry X'mas and good luck
tyc |
