E! Congrats! Now if the January effect has any meaning, PSUN should be boosting your position in January> Percentage-wise, that wasn't such a bad move today, and it would be nice to see a bit more of a rebound. As usual, I should have bought more yesterday..<g> Do you supppose the "Wolf2 Effect" is beginning to set in? -- I was just checking the prices of my recent purchases...DO, RIG, ATW, SLB...and then I checked the Dow..there is a certain lack of correlation here!! <g>. It looks like what Wolf claims are his never-ending results!!
Speaking of the energy game.... I got to thinking of the difference in emphasis between FSTEX and FSESX. FSTEX has a much heavier component of producers, while FSESX is focused almost entirely on energy service. So which one moves first? My understanding is that the capital spending budgets of the producers becomes the revenues of the oil service guys. So my logical conclusion would be that the producers benefit first in any recovery of oil prices. Agree?
But the other aspect to that deal is that the volatility of the energy service companies gives you a much higher return -- so how does one play that? Right now I have some FSTEX and buying more, gradually. And I think I will adopt a strategy of buying some FSESX if FSTEX ever starts to move. The small amounts of DO, RIG, ATW and SLB that I hold will just be insurance against missing the boat.
Next question of interest...where is the top for internet stocks? I suspect we will still be asking that question months from now.
My wayward son is into BKS (I confess to a small purchase on 12/16)on the crazy notion that it's spinoff will perform like AMZN..silly kid..
Personally, I like your idea of a GEEK getting a JOLT out of IFLY..but HELL, what do I know?...I don't even work here! <<g>>
But with or without them, you're better than top 20 in OUR book, E!
TSO |
