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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (71879)	9/25/2006 12:16:08 PM
From: manalagi	Read Replies (1) \| Respond to of 206316

Oil companies are swimming with cash, and that's the reason some CON gressmen/women want to levy heavy tax on "windfall profit". Some oil companies uses the extra cash to buy back shares (like Exxon Mobil), while others like VLO keeps plowing back into the company to explore for new sources. For some people who probably inherited the oil stocks many moons ago, putting the stock certificates in safe deposit boxes and just collecting dividends, life is just easy. No management, no tracking, no research since the cost basis is miniscule. However oil investors in the past decade or two will have to evaluate whether trading in and out will be more profitable. Where is the top and where is the bottom? As long as we can cash in our profit and limit our losses it will just be fine as opposed to LTBH. We don't need to know the exact (or close to) top or bottom. Although Cramer claims he knows if it is the bottom, I really doubt that. Maybe he is lucky. Remember Elaine Gizarelli (sp?), what woman wonder who called the top, and she was lucky to be right. Every one calls her genius (at that time). Where is she now?