No. of Recommendations: 1
Sounds to me like that could be a very dangerous game, and I hope our country (gov't) doesn't get caught up in it.

I don't know, I got about 20% of my portfolio in low P/E oil extraction/distribution companies. I'm made a lot of money in the past few weeks still, I'm not sure when enough is enough. If I apply common sense investing rules then the less attractive P/E of 10, at which I would sell the stock in the first place, is still far far away. It's complicated to balance the company's reality and the oil market at the same time. I guess I'll just wait for signs of weakness in either before I reassess the situation.



Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.