Re: exxonMobil


<kathyae_@xxxxxxx> wrote in message
news:faf1c5e1-d668-4ca2-8e3a-0b1afe218597@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Mar 30, 10:00 am, "Bill Reid" <hormelf...@xxxxxxxxxxxxxxxx> wrote:

And while I tend to think current oil prices are more the
result of supply and demand than a "bubble", there are SOME
"bubble" aspects to them, such as "Lowbrow"s deciding
to post that they are trading oil futures. Due to the particular
nature of the "inventory problem" as applied to oil inventories,
this will lead to some froth in oil prices that may partly
conceal the "true price"...and indeed, may also lead to
some small profit opportunities trading against the "Lowbrow"s,
if you want to mess around with piddly crap like that...

My point above is that I think towards the future, and look
at past patterns that MAY apply, such as Easter Island in this
case...it may take years, even decades in this case, but when
the data shows the "prophecy" is about to be fulfilled, I'll be hitting
the "sweet spot" (if it even exists) rather than continuing a pointless
debate about reality, while currently hitting the "sweet spot"s that
were set up years earlier...

William... "learn how to use Google(TM) Groups so your posts quote
properly in my newsreader, or just get a real Usenet account"... sooo,
how do we do this?

"How the hell would I know Connie?!!??!!"

You're the one posting from Google(TM) Groups, ask them. Or you
could ask "BuffyThePosterSlanderer", he also posts from Google(TM)
Groups (as least he has been, but this probably will change shortly),
and his posts are quoted properly, so he's doing something different
from you. Or get your own computer (not a library machine), get an
actual Internet account that has Usenet access, and read from their
Usenet server using a real newsreading program; my Internet access
costs a whole $6/month. I know that's burden for all the purported
multi-millionaires that post from the library, but maybe y'all could
panhandle a little more vigorously...

per the rest of y'all's post... reminds me how most everyone else who
post here are lookin fer short term opportunities, whereas buy & hold
is my path... it feels like i'm sailing along in an ole clipper ship,
limited by the wind and weather patterns, taking my time to pick &
choose, whereas practically everyone else here is flying overhead in
jets, able to instantly adjust and in sooo much of a hurry to get to
that next horizon... my perspective is just sooo different from
y'all's... to me, i think where an industry is today, where is it
going down the road and into the future and... where's society / our's
and foreign economies are headed... then back tract to identify
industries, then companies who may do well down the road... whereas
y'all see somethin hot this morn, buy it, then sell it and forget bout
that it ever existed and onto the next one... perhaps best if ya just
ignore me...

Yeah, sure, whatever. My "path" is just to make some money,
beat inflation, not make gigantic mistakes, use common sense
and logic, implement trading tools, rather than bragging about the
size of my genitalia on Usenet while changing my investment
"strategy" every five minutes like a chicken-stuff punk and then
slandering anybody who points out my behavior or my actual
trading "record" or just happens to hold a contrary "opinion".

Truth is, I've posted many times about my frustration about
finding a truly out-performing long-term buy'n'hold strategy,
though I may be getting closer. As far as your posts are
concerned, somebody posting from Google(TM) Groups that
they bought Microsoft at a split-adjusted $0.16 and Exxon
has been their largest holding and so on and so forth does
NOTHING to get me closer to the answer.

This is the old question of giving a man a fish (story?) and
teaching him to fish...give a man a fish, and he only has that
weird fish stink on his hands and breath for a day, teach a
man to fish and he can torture innocent water creatures for
a lifetime...

When we talk about a STRATEGY for selecting a long-term
buy'n'hold portfolio, I need to know the SPECIFIC selection
criteria, the SPECIFIC portfolio allocation and number of issues,
and any (if any) SPECIFIC "culling" criteria to remove the
"bad guesses" from the portfolio.

For example, would you EVER divest yourself completely
of ExxonMobil? And more importantly, WHY? And if not,
what has been the effect of your long-term losers and non-performers
on your portfolio, which I assume will be perpetuated into the
future?

---
William Ernest Reid
Post count: it's not the quantity, it's the quality that counts



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