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Deej,

Thanks for your comments. My questions eere slightly different though: how irrational is the current price of oil based on the current demand?

It is ok to invest in a variety of ways even after looking at identical data. Afterall that is why there is a market: diversity of opinions.

I have been studying MDR for the last 3 years. I sold MDR as I feel its valuation has risen high, relatively speaking, especially in response to the metioric rise of oil. I may get back into it if it back by more than 30% from my sell price. MDR is a volatile stock anyway. Maybe not. I feel SLB is a better alternative to MDR at this point. For nuclear energy play, I have my holdings in BHP for a while now. I sold COP as I prefer VLO over it for the same reason you mentioned. I am waiting for the oil to fall and refinery margins to improve. VLO will benefit the most.

In natural gas related stock, I already own decent sized positions in UNT, PDS, HAL and APC. UNT is starting to get expensive (P/E wise)

I am being cautious by monitoring the valuations of oil stocks closely. I don't want to keep any of them if their valuations (P/E and margins) get high on speculation alone. I managed to avoid the tech burst and the housing bubble burst this way. I missed the dizzying peaks but also the downfall.

I agree with your readings on financial world. I have charted my goal in achieving an average of the V or U curve of downturns. SO I am dollar averaging across a basket of firms recommended at TMF. I have reasonable faith that TMF selected firms (II, SA, GG and HG) have the highest potential relatively speaking in the troubled financial waters. Can't say where the bottom lies.

I metals I have long standing positions in SLT, MT (really small), AA (I don't know why I have it) and Tata Steel (Indian stock exchange) besides FCX and OMG. I will be keeping these positions.

Anurag
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