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I am not sure if you were referring to my 'oil prices' statements, but here we go:
I never buy short - unless, of course, my long turns sour for some unexpected reason, or someone wants to takeover. As to the service sector: sure it got beat up, including some very sound companies which were good buy then, and are even better buy now. Examples: selected compressor fabricators / packagers, some drill rig manufacturers, some drillers. I heared it somwhare before, I don't remember the source, but it goes something like this:
'If the stock goes up - I am very happy !!!'- pressumably because one makes money.
'If the stock goes down - I am very happy !!! - presumably, because one made a good choice to start with, and now market gives one opportunity to buy more.
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