Wolfdog, I agree - we have a long way to go yet, especially on the
oil agreements. However, I disagree about hostage to market prices
being such a downside. Sure it seems grossly unfair that the same
amount of effort can one month be highly rewarded and another month
not be, but I really don't see that being so different to the businesses
of many techs. (Who have short product lifetimes, unpredictable customers,
immense competition, etc). At the moment there is a high level of
paranoia in the tech world - especially around a possible slowdown
in PC sales. Sentiment is split over whether we are or are not in a
slump. Given this alternative, I presently feel far more comfortable
owning a stock like SFY who's profitability is driven by a market
parameter that I can track, rather than a stock like Intel, who's
profitability is presently being driven by something which I won't
know about until it is too late. SFY may have had it's sell-offs in
the past but it has never gone through anything like ORCL has
experienced (again!) this week. (Sorry PG - it's a great company and
you know it'll be back again, but I can live without those kind of
shocks).
You also say that you are selling off some of the stocks which are in
a less financially secure position. Which do you like for the medium/long
term, and which do you not ?
Thanks
Mark |
