Friday, July 9, 2010

Trading Thoughts

I have refrained from doing much of this, but it's what is taking up my time these days. I've been studying the art of active money management pretty intensely these last few weeks. Ergo, I will write about it. I always write about what I'm doing.

For now, I'll say if you are at all interested in the markets, at all, the best use of time you can get is heading over to every weekday morning at 9am. It's WELL worth it, should you have ANY interest in such things.

I was a net seller today, taking profit on the recent runs. I'll come back to this. I want to buy XOM on a pull-back because I think it looks cheap. I mean, take a look at it. And I mean, sorry eco-friends, but we're not getting off the oil-drip any time soon. From what I can tell this has sound fundamentals. If the Gulf tragedy has taught me anything, it's that there is a shit-ton of oil under the sea. These guys will be making money for awhile.

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