Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (19768)	10/6/2004 5:39:29 PM
From: Jurgis Bekepuris	Respond to of 78625

Oil: if your predictions are true, long term oil futures maybe the way to go. They still predict $35 per barrell oil in 2010. nymex.com If you assume oil price at $100, you make 3 to 1 in 6 years. This is about 25% annual compounding rate. If oil is at $60 in 2010, you make about 10% annually. Unless I misunderstand futures hugely. Check your own expert. Still have not moved on oil. Jurgis

To: Grommit who wrote (19768)	10/6/2004 9:35:33 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78625

Those are some pretty good performers you have there, Grommit. I'm still holding positions in OMM and SU. I've considered adding more on an average-up, but have just been too fearful. I argued against KMI a couple years back--boy, was that ever wrong. And as I've said, I gave up on steel (X, STLD) and coal (BTU)just before their great rises. Also sold BNI too soon. As I try to remind myself, "All human error is impatience, a premature renunciation of method" (Kafka). I'm holding on to CSX. ------ For those interested in coal companies and their shippers (railroads), here's a current article: (Greenbrier is mentioned: that was a stock mentioned here by an illustrious thread member, if I recall correctly. Always seemed like a cigar butt, and I eventually just gave up somewhere around $6 --- Now near $25. Every dog has its day, I guess.) yahoo.reuters.com