Any thoughts on when the energy trusts like pwe, pbt, etc are right to buy. The divs are great and nat. gas is not going out of style any time soon. Deflation fears and falling demand are cons, I know, but at these prices they are tempting
Yank.....astute observation...logicall... there should be a great trade on RIG in here. My experience, sadly, is that being right does not always make you money...the trick is knowing what the market will do before it reacts. Then there is the OBamma factor which also hurts prospects here.
On Oct 15 10:02 AM yank wrote:
> Shiv: > I generally agree with everything you said except for the RIG comments. > If you look at RIGs valuation with a PEG of 0.4 and other metrics, > it suggests a forward oil price of $25-30. Is that realistic? I don't > think so. In all the hysteria this week about oil demand destruction > the news out of China yesterday went completely unnoticed. They imported > a record 20 million tons of oil in September, a 10% increase yoy. > So much for demand destruction. RIG is basically being given away > at these price levels. The full value of this stock is around $160, > making it a "double from here. > > Newby
Long Ideas for This Volatile Market [View article]
Great advice (intelligent exit strategy)......pros have learned that stops are a fools game as you will invariably get taken out at the lows. Trailing stops are better but with the vix hitting record levels this is not practical either since you will be taken out in short order unless your stop is too wide to protect profits anyway. This leaves (a)...spending your day at the computer ready for action...(b)....employ... more sophisticated protection like selling calls against a position or shorting a less favored stock in the same sector....not alot of good choices that I see considering that the premiums on puts are way too high to be practical. Any better ideas...I'm all ears!
On Oct 16 12:19 PM SmartStops wrote:
> Learn from this experience. Remember to ALWAYS have an Intelligent > Exit Strategy in place from the start. One that will continually > adjust itself to the stock's behavior and market conditions. One > that will allow a stock to breathe but will keep losses to a minimum. > Be smart!
Is It Safe? [View article]
Is It Safe? [View article]
On Oct 15 10:02 AM yank wrote:
> Shiv:
> I generally agree with everything you said except for the RIG comments.
> If you look at RIGs valuation with a PEG of 0.4 and other metrics,
> it suggests a forward oil price of $25-30. Is that realistic? I don't
> think so. In all the hysteria this week about oil demand destruction
> the news out of China yesterday went completely unnoticed. They imported
> a record 20 million tons of oil in September, a 10% increase yoy.
> So much for demand destruction. RIG is basically being given away
> at these price levels. The full value of this stock is around $160,
> making it a "double from here.
>
> Newby
Long Ideas for This Volatile Market [View article]
On Oct 16 12:19 PM SmartStops wrote:
> Learn from this experience. Remember to ALWAYS have an Intelligent
> Exit Strategy in place from the start. One that will continually
> adjust itself to the stock's behavior and market conditions. One
> that will allow a stock to breathe but will keep losses to a minimum.
> Be smart!