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Eric Aceves
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Mr Aceves has been investing in the financial markets for over two decades and became involved in the financial services industry as a retail stockbroker in 2002 . His speciality was individual stocks, with an emphasis on superior service for his clients, which included being avaliable to speak... More
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  • Where are the Stocks You Promised ? 0 comments
    Jun 21, 2010 10:11 PM | about stocks: SLB

    On my pay for performance blog , I talk about offering stock picks for free with the option of donating if you make money .

    I have had more than one follower ask why there are no stock picks recently.

    My answer to them is ask the market! Right now I don't see very much value in the overall market. I thought that the oil stocks specifically Schlumberger (SLB) were undervalued a few weeks ago .

    Since then SLB has rallied eight points to $ 60.00 per share from its June,1 price of $52.00 per share . 

    I personally believe that the price of oil will be heading back up to $ 100.00 in the next few years , and that SLB stands to benefit from this. However,  I am not going to overpay for this great company .

    Right now my outlook for the market is limited to no more than three months out , and right now that has been more like one month.

    To be good at the investment game, one needs to be willing to make adjustments along the way . The market deals the cards , you are the player .

    Play wisely. I will do my best to help you become a better player.


     



    Disclosure: No current positions
    Themes: OIL Stocks: SLB
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StockTalks

  • Its nice to see the mining stocks like SLW pull back today . They were a bit over extended in my opinion.
    Jun 22, 2010
  • I like SLW and GG at these levels . The rally in the dollar is short lived in my opinion
    Jan 21, 2010
  • I am looking for pullbacks in the silver area. Mainly SLW and SSRI
    Jan 16, 2010
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