Seeking Alpha
  • FortSumter
    Oil and Gas stocks. I'm down an average of 50% on 4 holdings KOG, LEI, FST and QRE. Wish I leanred to use stops earlier.
    7/12/12
    Reply (16)
    • FortSumter: Come on Iran. do something stupid.
      7/12/12
    • Bob de'Long: I down a lot too but not worried. Iran will not do anything stupid. Stupid = US/Israel/EU.
      7/12/12
    • Bob de'Long: There are many other possible disruptions -- Iraq/Kurds, Bahrain, etc. -- even Russia.
      7/12/12
    • Mercy Jimenez: Thanks Sumter and Bob for being honest traders; most of my oils are still OK -- but my little pile of coal BTU; that's another story LOL
      7/12/12
    • mrmedusa: Could always be worse.....you don't have SSN.
      7/12/12
    • Ocean Man: I'm down about 20% on LEI and FST, two of my worst performers, but the reason I'm not down 50% is because I leg in, which gets criticized
      7/12/12
    • Ocean Man: by the "traders" on here. Sometimes helps, sometimes hurts. It has worked well for me on QRE, up big on that one despite some red shares.
      7/12/12
    • Mercy Jimenez: Om, legging in makes a lot of sense; if we had perfect knowledge we could all buy the entire bloc at the bottom --
      7/12/12
    • Mercy Jimenez: but I don't know anyone with that knowledge! Thanks, mj
      7/12/12
    • Ocean Man: Of course -20% on a larger position = -50% on the initial shares dollar-wise, but it takes less of a move to get even. 50% needs a double.
      7/12/12
    • FortSumter: I thing averaging down is fine for a stock that isn't "broken". O&G are just in a down cycle and will be back.
      7/13/12
    • Dr Jan: Very dangerous to put "stops" on lightly traded stocks (like QRE). One large trade can take them down; they bounce up the next day or week.
      7/13/12
    • Mercy Jimenez: Agree; but think "mental" stops R better than computer entered; market makers+BOTs w/ access 2 level 3 data use stops 2 manipulate price
      7/14/12
    • mrmedusa: I like email alerts.. gives me time to double check before I pull the the trigger.
      7/14/12
    • Mercy Jimenez: mr medusa agree that's good too -- your alerts don't show up on the level 3 data -- LOL
      7/14/12
    • mrmedusa: And, of course, we assume I actually READ my emails.
      7/14/12