>>Deepwater DO, from $41 to $35 in what 3 days ! --- unreal this is now the best buy IMHO ! - Maybe it is now time to trim all laggards and go to just the majors . For me in order EVI, DO, FGII, CDG at level I and then
MDCO, VRC, level II and then smaller caps/niche plays like SCSWF, EGEO,SEI,VSEIF & OMNI...maybe
time to cut & trim all others ? Damn if I had the guts, I'd put all my $ into some SLB & EVI out of the money - far off calls !<<
Slider I've read your posts over the past month or so and all I can say is that you are letting your optimism rule your checkbook. The market is telling you something and you ignore it at your peril. This continual "averaging down" you are doing is going to be your undoing. At what point do you say to your self enough? From my observations you are throwing good money after bad. So what if your CDG average price is now X number of dollars less that before. When CDG drops more, you are going to lose even more money than you would have. Don't let temporary, psychological motions that may make you feel better at the moment (averaging down, etc.) prevent you from seeing the big picture...and that is DOWN!
I don't mean to be rude, but...well maybe I am. All of us have lost money here. That doesn't mean that we have to KEEP losing money.
Out of money, far out calls? Guts has nothing to do with it. That is insanity.
Good luck.
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