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

To: Paul Senior who wrote (123037)	8/5/2009 11:13:25 PM
From: Sailing2	3 Recommendations Respond to of 206319

Well I'm an oldtimer too and agree with the concensus of the last two dozen posts or so---I'm not comfortable that I understand what the hell's going on with oil either and therefore I've reduced many "long-term" positions in E&Ps and oilsands to token levels (except for the oilsands juniors which I view as calls on the longterm POO). I'm about 75% cash, standing aside until I have some sense of where we're going. I have been fighting mightily to keep myself from buying beaten down natties like VRO, PSX, ITX because the downside risk seems small compared to upside potential if there are upside surprises. If anyone wants to talk me into pulling the trigger, or not, I'd love to hear your ideas. I want to say again how much I appreciate this thread and particularly the posters of the last two dozen posts or so who contribute so much valuable information and experience, as well as many thoughtful analyses and comments. LOL