Buying Stocks...

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

Join, the crowd, or go the other way? I'm buying oil stocks.

americandream · Posted: Fri Oct 10, 2008 1:26 pm Post subject: Re: Buying Stocks...

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

Marathon, Oxy, Rig... pe's of 4 5 6, and oil is going to 300 and beyond.

neocone · Heavy Crude Joined: Sep 23, 2006 Posts: 252

Got some PDO at 3.65... pretty good gains now. Might be rebounding soon on the oil front.

Like a day trader from the brutal bear market of 2001-2002 told me... get something cheap and hold on for your life, but the rewards are then great.

Maybe the market might tank a while but human psychology has a casino mentality.. and if it ain't for stocks or gambling where else make a killing doing little?

That later hope alone even though the majority is screwed is what defines part of our species.

Like Casinos the Stock Market is here to stay. Heck in the 18th and 19th century there were worst swings amid a completely unregulated market where insider trading wasn't even illegal.

Now I don't think cavemen were peddling in auction rate securities but if we go back to caves we might as well keep that fine little invention there Razz

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

With a 20% rally today, RIG is still selling at a PE of less than 6.

Pfish · Posted: Mon Oct 13, 2008 6:16 pm Post subject: Re: Buying Stocks...

DO did better than rig today....Same idea though....
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BigTex · Posted: Mon Oct 13, 2008 6:45 pm Post subject: Re: Buying Stocks...

XES covers the whole oil service sector with equal weightings, rather than market cap weightings. I like it.

FSTEX is a nice non-majors oil producers mutual fund.

FSESX is a great oil services fund with a LONG track record.
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TreebeardsUncle · Intermediate Crude Joined: Jun 15, 2006 Posts: 600

Sounds like my people.

I have been playing with RIG, DO, NE, ESV, HP, SII, NOV, CLB, and CAM for awhile now. Sold them off in late June and early July and started buying back in too early as of 9 29.

Many of these had PEs around 5. Last week, especially early Friday morning was the best time to buy (but I stopped on Monday). Am looking to put more in on the retest-of-bottom dip later this month at Triple Witching and then the post Christmas season sales slump disappointment slump.

g

shakespear1 · Light Sweet Crude Joined: May 13, 2005 Posts: 1570

To play trends DXD or SDS. My other favorites have already been mentioned above.

SQM and MOS for farming needs which will simply not go away.
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kublikhan · Posted: Tue Oct 14, 2008 1:32 am Post subject: Re: Buying Stocks...

FRO for the win. Can't beat the nearly 40% dividend. I bought it back at around 29. Its up to 37 now, still a good buy.
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Carlhole · Knight of the Realm Joined: Jul 05, 2004 Posts: 3233

My little Chinese ADR rose nearly 70% today on the rally. I already owned it so I was able to average down tremendously. Hope it stays down in the basement a little longer so I can load up on more. My basis is way lower than it was before the crash.

APWR

A-Power Energy Generation Systems, Ltd. (A-Power) is engaged in designing, constructing, installing and testing distributed power generation and micro power grids for various customers in the steel, chemical, ethanol, cement and food industries throughout in China and other Asian countries.

It's also set to become the premiere Chinese wind power company.
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ROCKMAN · Posted: Tue Oct 14, 2008 8:52 am Post subject: Re: Buying Stocks...

And if you had picked up dvn at the low last week you would be up 38% right now....and the winter NG heating season is just ahead.

God bless the sheeple and the averaging down method.

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

I love it.

Revi · Fusion Joined: Apr 25, 2005 Posts: 3460 Location: Maine

Eslr is down to around $3.50. I just may buy a bit more. If it hits $3 I can't resist. They have to go up with their new factory in Devens.
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