Tuesday, November 28, 2006
Sector Spotlight: Energy
Many people I know feel buying oil is almost as good as hedging against the market. As many of you know and understand, if oil keeps pressing higher-- the general market will react negatively, yet oil stocks will trade up. This exact scenario played itself out over and over in 2005.
Bottom line: Buying VLO may be a chickenshit way of hedging against a Tech decline. We will see.
The following Energy stocks have mojo:
You have a view on solar (STP/ESLR/SPWR) here? I own some and figure they're bound to go up by the time ocean levels have risen 30 ft ... ;)
covered SIRF/UTSI, maybe early. Surely you have some short recommendations on techs so hopelessly beyond remediation even the dip buyers won't take 'em? TRID? XING? <- currently my favorite B.S. runup/selloff stock...
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