09-26-2014, 02:52 PM
Putncalls, I have no doubt that E/A will go ahead and that IOC is a good buy for the long term even at the current prices. My problem is that I have no confidence in the whole share market at the moment. Very often I see my share portfolio bouncing up and down by over $20,000 per day. As the down days now happen more often than the up days, and since just 2 down days is equivalent to what I require as my yearly living expenses, it makes my stomach churn. In my humble view, the market is looking for excuses to sell, and I am no longer up to this sort of market turmoil. If I truly were to put my money where my mouth is, then I would liquidate all my shares except for those in communications/internet and in junk food. Tragically I am just human and therefore I am woosing out and hedging my bets by doing half half, keeping half the shares and selling the other half as I don't trust my decision making 100% either.
I do wish you other longs all the luck with your holdings, but for me it is time to book another cruise, get away from the Internet and try to get some peace back into my life.
I do wish you other longs all the luck with your holdings, but for me it is time to book another cruise, get away from the Internet and try to get some peace back into my life.