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Author: globalist2013 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: OT: Kinda, Sorta, Maybe Date: 1/4/2013 3:31 PM
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RE: Black Elk Energy Offshore

altstrat91,

I'm done for today, as in, no more research, no more buying. The sun is shinning, and I want to roll my daily miles. But tomorrow, (err, make that 'Monday') I'll take a look.

But I will say this about risk-management. "Better a missed opportunity than a realized loss." and a lot of what cannot be forcasted from proper due-diligence can be made up for by judicious position-sizing, as in, betting small and betting widely, so that one's inevitable mistakes and misjudgments --or sheer stupidity and greed-- cause only tolerable damage.

I don't own any of Black Elk. But I'm making other bets in the energy sector, and I'll have to see if/how Black Elk would fit in.

Have a good weekend, Charlie
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