Davy V. Bui

Oil Won't Stay Down for Long

Really, I welcome constructive criticism and disagreement but much of the time, it seems comments are more personal attacks like "delusional" or implicitly attacking my integrity.

First, I am completely 100% transparent. I post all my trades online (this is my real money portfolio excluding cash + interest):

enlightened-american.c.../

I hold myself publicly accountable on a monthly basis. "Following my advice over the last year" has not cost anyone (least of all me!) 65% over the last 6 months. I went from up 18.8% in June to down roughly the same percentage now. Don't be a jackass and misrepresent or distort my record. Minus 20% on the year sucks ass but it's better than what you're letting on or the S&P500.

Anyone who's "following [anyone's] advice" based on SA should probably not be handling money. Let your spouse handle it. Or learn to think for yourself, take in different viewpoints and make up your own mind.

Readers looking for further explanation can either email me (see my bio page) or comment on the original posts they have issue with at my blog (not SA), where I answer promptly.

BTW, I agree w/ txpenguin -- minimize leverage or use it safely (like options). It seems like just yesterday when I was being insulted for suggesting readers invest with a margin of safety and not rely on oil prices going up. Now I'm being insulted for basically not selling out before the global economy collapsed.

I try not to predict where markets are going over the short-term. My posts regarding commodities have always been eyeing the long term. The SA editors changed the original title of my post, which was "Oil @ $25? Accumulate for the Long Term." I think the new title may be slightly misleading as I don't pretend to know how long oil prices will stay down. I just think the global economy will eventually recover. Any "normal" level of economic activity will renew pressure on energy prices, especially now with capacity being shut in, rigs stacked, etc. I just want to be sure to pick plays that can allow me to hold over a long downturn, if need be. That's why I made the moves I talked about in the post.

Mmmarrk, different services handle preferreds different. google has chk-d for the Prfd D shares (-e for E shares).