[quote name='BearItch' post='253321' date='Nov 8 2006, 11:29 AM']
[quote name='senorBS' post='253317' date='Nov 8 2006, 11:21 AM']
[quote name='outsider' post='253310' date='Nov 8 2006, 11:10 AM']
Would it be alright to ask if you are you buying full allocation for the energy trusts sector here? Would you buy more PWE if the price drops to say 25? Appreciate any comments you care to make.
OUT
[/quote]
Si, Senor took his first positions (substantial) and will accumulate for the long term if there are further declines. Senor thinks all if not most of the damage has now been done.
BSing away
Senor's way to look at it is that it now creates another opportunity to get muy attractive yields in a sector that is having a grande correction in a long term secular bull market. These opportunities Senor thinks come seldom and Senor will take advantage of it.
BS all the way.
Senor
Lots of carnage in this sector. I wonder if tax loss selling will take over the sector with that tax announcement coming so close to the end of the year. It created so many bagholders. I feel bad for the retirees holding these things.
[/quote]
Edited by senorBS, 08 November 2006 - 11:46 AM.