Quote:
Originally Posted by Finnster
lol, I'm not sure I know anything you don't already know about.
I'm mostly heavy on oils and energy, seems the more reliable play as long as the eco doesn't crap out amd prices stay higher. A lot of companies got killed last year, and low prices didn't help either. Some are doing much better now w/ the increased oil prices, and 2010 earnings should be better than '09 as long as prices stay up and if they didn't get buried in debt. Energy is more dependent on world eco than just the US, so spreads out risk a bit. Hopefully. :)
Other than that just picked up some beatdown losers w/ potential to pick back up a bit. May take a while tho. Nothing terribly exciting. We are coming close to 52wk highs again, so I'm wary of a pullback. Prolly will happen w/ my game portfolio, so hopefully I spent my buying power well while I had it. What I'd really like to see are some job growth #'s, even if its meager. It seems like there are signs it might be coming, but until it really does, everything is pretty tenuous. There are alot of things that can frag the whole thing up.
Just curious on your heavy movement into C (in the game not RL.) I've never really understood the heavy trading in C beyond daytraders and speculators. Fundamentals seem pretty bad, and there are so many wildcards there w. the lg govt ownership and all the other nonsense that goes on w/ the banks. I did buy some financials funds in RL last year after the crash, but I sold those off in Oct and haven't looked back. Made good $ off those, but way too risky for my tastes now even if the Fed is just printing money for them.
In the game I got a small 1% position on C. Seemed low and looked like was due for a bit of a run, but if it hits $4.50 I'd be happy. Otherwise just wild speculation. Given all your grandslams so far, I was just wondering if you were looking for something bigger.
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I learn new things everyday
. I like how you think and it's always good to bet on things people need, specially in colder climates.
A pullback will come. People like to take profits and sometimes a panic will happen, but it's just part of the market.
Well, the real story goes deeper, but I'll keep it simple. I had a choice of companies such as BofA, JP Morgan, Goldman Sachs, Wells Fargo and a few other big financial. Out of the big ones out there, which is the cheapest? I think Citi is. If you bought it in RL for $3.50, then you would've been in good shape depending on how many share you bought. Keep in mind, Citi was one of the biggest if not the biggest company at a certain time. Greed is the name of the game and all investors should be greedy. If they want they can push the stock up to the moon. I would love to say more, but it would make me feel bad if what I say turns out to be a bad bet. I go with gut feeling even if the company is the worst in the world. I also don't think the US Gov. likes to loose money.