Cramer nibbling in the OSX.
Random musings: I have been negative on oils and oil service -- massively underweighted in this group. (Underweight and overweight are terms really best left to describe waist size, as I don't think about weightings much except for this column.) I haven't missed much (using the OSX, the oil service index, as the benchmark). But I am expanding my holdings right here gingerly -- they are massively for sale, so this is not a problem. I'm going with the usual high-quality suspects among internationals and drillers.
Why don't I name names? Homework, fairness to my investors, fairness to you. You have to be comfortable owning these dogs, and they are dogs until proven innocent. I just feel like a turn in Japan means a turn in energy. No, I am not betting the house, but if the OSX drops to 55, I will bet even bigger.
|
