You and I have differing opinions probably because of our percentages invested in this thing and free cash to buy more..right now I have about 70% of the position i ultimately want, doubling the first few purchases a few days ago in the 11 and change range....(outside of the understanding that I'd always rather buy additional shares on the way up than down)) , to me, let them take it all the way into single digits...idea is to buy them low...eventual if oil stabilizes and recovers, you will have a winner, hopefully. Right now, if you aint a nifty fifty, noone wants to own you, forget 56 / qtr earnings, forget book value, forget the cyclical nature of oil, people dont want to hear TMAR or MAVK or others...give them GE, WLA, or MRK. TMAR, forget it! people dont want to even here its name...hey, buts thats the market...consider what a recession would do to some of these large caps trading at overvalued prices....
dont micromanage it, give it a chance to perform, its earnings outpaced expectations in a bad market...very positive..hey buy they do go zero, dont forget that as well! |
