I cannot get dragged back into my old positioning, as that would be tantamount to coaxing a wounded animal in for the kill.
Watching my positions jackknife 10%, I have to keep in mind that those moves are paltry nonsense next to the 81% beat down some of them have taken…looking at you BAS.
To be sure, the quickest path to redemption is if my original research proves valid and those positions reverse back to even. It’s also the least intensive path for me; I’ve already done the work, know where to find them and what they consist of.
So it’s tempting, but I need to set some restrictions to protect myself. I’m not necessarily talking about oil prices here; it wouldn’t surprise me if oil prices rebounded a little behind the oil and energy sector stocks themselves.
I’m talking about the friggin’ dollar.
It’s much too strong, and appears to be rallying along with everything else. The EURUSD in particular is screaming crisis. I can’t buy back with this kind of carnage raging in front of my eyes. I ignored it once, and it cost me dearly.
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Cain ,you are a financial wizard. The only
thing that screwed you up were the
political games behind oils collapse. No
manner of accounting can figure that out. Find those places that are not
affected by politics place your bets there. Your skills will win out
odds will improve.
Indeud. Also, I knew I forgot to do something important last week.
Time to pick your balls up off the floor and put money to work. You gave me a good scolding on asking about BAS being 12… and now it is 5. Buy the blood and reap the rewards.
I agree taxmonster , buy them in pieces, put them away and look at them in 3 ,6, 12 months. These are ridiculous prices for some of these names.
I don’t think you lot are wrong, per se. But I just got hammered to death in the blink of an eye.
A man deserves a break.
Good plan