Tuesday, October 24, 2006
Position Updates: VLO
Being long oil stocks is like living in a funny house with nothing but Mad Money re-runs as a sole source of inane entertainment.
I mean, evey fucking day there is a new sentiment. Frankly, I am losing my patience with my oil holdings, although I won't sell them since they are part of my asset allocation. Nonetheless, because of the lack of consistancy, I really have little conviction putting new money to work in the oils.
Instead, I'd rather "place my bets" on the Networker, Software or Internet sectors.
I mean, evey fucking day there is a new sentiment. Frankly, I am losing my patience with my oil holdings, although I won't sell them since they are part of my asset allocation. Nonetheless, because of the lack of consistancy, I really have little conviction putting new money to work in the oils.
Instead, I'd rather "place my bets" on the Networker, Software or Internet sectors.
Comments:
<< Home
or NTRI in the next 20 minutes ;) everybody seems to be piling in before ER tonight - Lehman says get while it's hot.
# posted by 
: 3:45 PM
: 3:45 PM 
Yeah, I'm thinkin energy is good for trading, but too much dumb hot money chasing it up and down for investing.
You'd think it would get bored and move to something else. Maybe it will if oil flatlines for a while.
Post a Comment
You'd think it would get bored and move to something else. Maybe it will if oil flatlines for a while.
# posted by : 5:22 PM
: 5:22 PM << Home
