re: "Allocations'' ...
Allocation-wise: I am trading quite heavilly here, so portfolio-wise I am not ideally balanced as far as longterm desired holdings go...fwiw
I have heaviest weighting into FGI GIFI VTS right now; I am positioned to take advantage of what I believe will be major ''trading'' moves/opportunities in these 3 real soon & will take a little profit; but absolutely will keep substantial positions in these 3 longterm. I really think RIG RON are the safest ''traders'' here & love these 2 longterm - absolute ''must owns'' - I'm totally in & out on these quite often, but they will remain ''core holds.'' WFT - I don't trade as much - it's a must own longterm as well. I have a ton of $ in the "Deepwater Plumbing'' sector - heaviest $ weighting - CXIPY #1, bought OII at it's near absolute bottom - a little luck there - so I just may hold forever on that one, CDIS - waiting for a lower entry, SCSWF traded out of - will look to re-enter soon. PGO - love it here- I'm loaded at low $13's will we see $11-12's again ? don't think so, & love this as a longterm holder. Going to buy UFAB again, probably Monday; unloaded to play stronger positions in GIFI earnings play. Have my heaviest weighting ever in the E&P sector with EVER my major holding - something about being the lowest cost producer/pure Natural Gas (Coal Bed Methane) and incredible reserve growth potential through the drill bit going forward - an all most unknown - but really a must own... I bought real heavy of late allmost maxed-out; missed APA at $18ish - love a 2nd chance, but $20 is cheeeeep. SGO & OEI are cheep as well - looking for a capitulation bottom there...
Hmmmmm; ideal ''short-list'' $100K buy & longterm hold portfolio (easy %'s) fwiw:
RIG $ 7,500
SDC $ 5,000
RON $ 7,500
WFT $ 5,000
FGI $20,000
GIFI $ 7,500
UFAB $ 7,500
CXIPY $ 5,000
VTS $20,000
PGO $ 7,500
EVER $ 7,500
12.5% in Drillers; 12.5% in General Service/Mfg.; 35% in Fab/Const; 27.5% in Seismic; 5% Subsea; 7.5% E&P
I would rotate profits out of Fab/Const & Seismic into more weighting toward the Driller sector upon a recovery here; I see more ''trading'' upside/Safety with FGI GIFI UFAB VTS here, right now versus the drillers.
I also left HEC & SEV off the prior posts ''speculative/trading'' portion of the E&P ''watch'' list. I like them both - SEV for a quick trade to $8-10 short term - then keep some ''zero -cost'' shares longterm. HEC also a trade of sub -$2 to $3-4 and then keep ''zero cost basis'' shares longterm as well. I did this with FEN - I like to buy into major selloffs on these speculative companies; then take the profit and keep those ''cost free'' shares untill, or ''if'' the big Kahuna comes in... or in FEN's case - if it survives <VBG> .
Anyone else ? - trading, or Buy & Hold lists...? Unknown/small company ideas ? - again I made new entries into OII & NOI based upon board ideas after doing my own ''DD'' etc... anyone follow IIR - know anything about their rep in the industry, their equipment etc ? |
