You name it, today it got KILLED !!!!!

[jk]

Re: You name it, today it got KILLED !!!!!

I used to have individual companies, but I am small potatoes with a family to raise. I don't have time to monitor
10 or so companies. I own VDE and XLE. I'm beginning to realize that without really good knowledge of an individual company, most of the money is made on asset/sector allocation and not on the individual company. I think CVX is
a good company, but is it going to leave XLE in the dust?

Today we saw XLE break. at one point in time I saw XLE down near 5% and at the same time VDE was down only 1%
Good chance for an arbitrage play. They track each other closely. I feel sorry for people who had a automatic stop loss on
XLE. They may have sold because of some technical problems with XLE.

I picked up some VDE at sub $100.00 I was paring my position a few weeks ago when it was over 116, of course I wish
it sold more at 116. :-(.

Hold the phone ... I just noticed that VDE had a "mini flash crash at 11:55 EST. went down to 96.05

i subscribe to a service that monitors these things. the one advantage of these holdings is that some pay as much as 6-10% in dividends, as well as tracking the oil price. check out http://stockcharts.com/freecharts/pe...su,pwe,cve,bte
use the slider along the bottom to vary the date range. you'll see that this mini-portfolio of just the u.s. listed companies- su, pwe, cve and bte - has done a fine job of tracking wtic [west texas intermediate crude] while paying you dividends to boot.

[Chris Coles]

Re: You name it, today it got KILLED !!!!!

Don't forget the possibility of a giant meteor heading straight for earth to kill us all!!!
Do you guys really invest with these kinds of thoughts swirling through your head?

The problem is, my own theory is not some hare brained idea, it comes from many years of very credible research. Try this for size: (Read both pages).

"Researchers testing rocks from a core drilled more than 10,000 feet (1.9 miles) into the island of Hawaii think they see just the sort of weak rocks that could serve as a surface for a gigantic landslide. The rocks are loose, ground-up glass still being made today when lava flows from a volcano to the ocean, is quenched there, and then ground and churned by waves.

"Basically, we're looking at a pile of glass," said Donald DePaolo, director of the Center for Isotope Geochemistry at the University of California, Berkeley.

DePaolo worked on the Hawaii Scientific Drilling Project (HSDP), which bored a hole down into the volcano near Hilo to find out more about how the Hawaiian Islands were created.

The weakest layers of ground-up glass were found about two-thirds of a mile (3,520 feet) down, said geologist Nick Thompson of Bournemouth University in the U.K. Thompson is the lead author of a paper about the stability of the Hawaiian volcano's flanks, which appeared in the April issue of the Journal of Volcanology and Geothermal Research"
http://dsc.discovery.com/news/2008/0...waii-lava.html

[LargoWinch]

Re: You name it, today it got KILLED !!!!!

I wonder where Nero is. This reminds me of 08/09

Actually, some established Crude Oil and Natural Gas Canadian producers are trading at the lowest since Q1 of 2009. In fact, a lot of them are only about 25% above their 5-year lows...

I am profiting from the occasion to accumulate them.

[jk]

Re: You name it, today it got KILLED !!!!!

Actually, some established Crude Oil and Natural Gas Canadian producers are trading at the lowest since Q1 of 2009. In fact, a lot of them are only about 25% above their 5-year lows...

I am profiting from the occasion to accumulate them.

yes, i added almost 2% [of total portfolio] to my energy holdings yesterday. awaiting another 5-6% drop or so to add some more.

[touchring]

Re: You name it, today it got KILLED !!!!!

Actually, some established Crude Oil and Natural Gas Canadian producers are trading at the lowest since Q1 of 2009. In fact, a lot of them are only about 25% above their 5-year lows...

I am profiting from the occasion to accumulate them.

May know which company you are referring to? PWE is now trading at the same level as the same time last year.

http://finance.yahoo.com/echarts?s=P...e=off;source=;

[LargoWinch]

Re: You name it, today it got KILLED !!!!!

May know which company you are referring to? PWE is now trading at the same level as the same time last year.

http://finance.yahoo.com/echarts?s=P...e=off;source=;

Of course touchring.

I was referring to COS.TO and ECA.TO.

[jk]

Re: You name it, today it got KILLED !!!!!

May know which company you are referring to? PWE is now trading at the same level as the same time last year.

http://finance.yahoo.com/echarts?s=P...e=off;source=;

even re pwe it's not so bad. if you look at the following http://stockcharts.com/freecharts/pe...?%24wtic%2Cpwe and use the slider to adjust the time, you'll see that wtic is up about 7% in the past year, while pwe is flat. otoh, pwe is currently paying 5.6% dividend, and thus has roughly paid out the difference in dividends in the past year. so even pwe serves the purpose of tracking crude.

[LargoWinch]

Re: You name it, today it got KILLED !!!!!

even re pwe it's not so bad. if you look at the following http://stockcharts.com/freecharts/pe...?%24wtic%2Cpwe and use the slider to adjust the time, you'll see that wtic is up about 7% in the past year, while pwe is flat. otoh, pwe is currently paying 5.6% dividend, and thus has roughly paid out the difference in dividends in the past year. so even pwe serves the purpose of tracking crude.

I think this chart speak for itself:

Current ratio: 19.14

My next investment dollars are going into oil instead of gold (now a larger portion of my overall portfolio anyway due to Au's excellent returns so far this year).

The kicker for Canadians is that the 5%+ dividends from COS and PWE (CPG actually pays just south of 7%) holdings are taxed at a very favorable rate (less than half interest income if you are in the upper tax bracket).

[jk]

Re: You name it, today it got KILLED !!!!!

My next investment dollars are going into oil instead of gold (now a larger portion of my overall portfolio anyway due to Au's excellent returns so far this year).

me too. i cut back my energy exposure from 20% to 15% a few months back in anticipation of a sell-off such as we are currently experiencing. i've added back a little bit as prices have dropped, and plan to continue doing so. in the meantime au has grown to become 48% of my portfolio, so i'm certainly not adding more there.

[touchring]

Re: You name it, today it got KILLED !!!!!

I think this chart speak for itself:

Current ratio: 19.14

My next investment dollars are going into oil instead of gold (now a larger portion of my overall portfolio anyway due to Au's excellent returns so far this year).

The kicker for Canadians is that the 5%+ dividends from COS and PWE (CPG actually pays just south of 7%) holdings are taxed at a very favorable rate (less than half interest income if you are in the upper tax bracket).

Wow, CPG now pays 7.4%?

[jpatter666]

Re: You name it, today it got KILLED !!!!!

I added to our energy positions today and am looking for other interesting ones. Specifically looking for nice moated dividend payers to sock into the 401K.

[Slimprofits]

Re: You name it, today it got KILLED !!!!!

dropping like a stone

2 year treasury yields below 2%

DOW(n) - 500 in 40 minutes of trading to open the day

[thriftyandboringinohio]

Re: You name it, today it got KILLED !!!!!

And gold vertical up right now.

[jpatter666]

Re: You name it, today it got KILLED !!!!!

And gold vertical up right now.

Yep. Wonder if EJ is going to hold another chat conference? :-)

[ASH]

Re: You name it, today it got KILLED !!!!!

The question in my mind is whether a downdraft like this will be sustained. I just got back from a few days of vacation, and my first thought was "I wish I was still short." But then I reflected that I have been fooling with inverse ETFs, and staying short over the past several days when the market was rising would have inflicted some serious pain.

It seems like any scrap of data (or, opinion from an analyst) that either confirms or contradicts fears about another recession, or political failure in Europe to address their debt crisis, sends the market on wild excursions up or down. When I went short earlier this summer, I was counting on some 'predictable' bad news to send markets lower; I exited that position once we started having those wild upsy-downsy swings, because I figured I was fresh out of news I could predict. If I had used long-dated put options to go short instead of those finicky inverse ETFs, I probably would have stayed short, because I'm of the opinion that Europe won't get it together. News about growth stalling out in Europe seems pretty significant to me.