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 : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (667)	12/10/1998 2:52:00 PM
From: Shane M	Read Replies (2) \| Respond to of 4691

Fred, I've been tempted to buy into oil, but I recognize that buying oil is probably a timing play right now. I simply don't think I'd have the patience to buy an oil co and hold it for for a while. I'd end up trading it, and that's not what I do well given my job, and the high maintenance levels required to jump in and out of stocks. Part of my decision is based on an earlier comment that oil is a commodity, and I buy that argument. Similar to the reason I decided to stay out of the disk drive stocks. Also, the Saudi's are probably low cost producers, and I'm hearing they might need to make an example soon to hold OPEC together. So the flood gates could come open and hurt alot of producers real bad. Good luck with your trading though. Shane