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To: Dale Baker who wrote (54912)8/15/2007 3:46:01 PM
From: JSBRead Replies (2) | Respond to of 118717
 
There have been many irrational moves
in the market, but how oil can keep
trading higher while the price of
energy stocks sinks is beyond me.

They're evacuating oil workers in the
gulf because of the storms and oil service
stocks get hammered. That's as irrational
as I've ever seen.

I sold some stuff this morning and I'm
about 65% cash. This market is scary.



To: Dale Baker who wrote (54912)8/15/2007 3:59:04 PM
From: SoberRead Replies (5) | Respond to of 118717
 
I am SO close to just selling everything, taking the loss, and NEVER going back to the market again....

The anger that I feel is irrational maybe, but it is growing by the day, and today is the worst, and I am usually pretty hard to shake up....... all I can hope for is these rare feelings are a sign that we are getting near some bottom.. and that is why I will NOT sell anything...not even ETFC at this point.

It is now a matter of just being stubborn... and refusing to give away stocks.

At least I have no margin calls to worry about.

This market insanity has to end at some point. Probably just about the time that I am pronounced insane. LBNOL (laughing, but not out loud)

Sober



To: Dale Baker who wrote (54912)8/15/2007 5:34:46 PM
From: El CanadienseRead Replies (1) | Respond to of 118717
 
Dale, ORK.OL, bought some today. Looking at your Wendell in France. Any other similar great European companies sinking into single digits PEs that you can name?

Also, on YAR.OL I just bought in a position, Looks really undervalued amongst international fertilizer plays. I understand (from browsing past posts) that you exited your position on that stock a while back, may I ask why? TIA