09-01-2015, 09:45 PM
All new positions--85 shares in WPC, 35 in XOM and BX 150 shares.
With the exception of BX, all these stocks lost between $0.20-0.40 by closing. The drop would have bothered me, but I learned a lesson last week.
Even though I had a very strong cash position built up, with the very intention of easing into oil...I just turned into a zombie Monday and Tuesday! I didn't move a single dollar. I Kept waiting for "the bottom" .... and ended up missing some very good opportunities.
Lesson learned: I have funds to average into positions, so that's what I'm going to do! $2500 earning almost 4% at XOM is better than $2500 depreciating in the bank (waiting for $68).
Ronn
With the exception of BX, all these stocks lost between $0.20-0.40 by closing. The drop would have bothered me, but I learned a lesson last week.
Even though I had a very strong cash position built up, with the very intention of easing into oil...I just turned into a zombie Monday and Tuesday! I didn't move a single dollar. I Kept waiting for "the bottom" .... and ended up missing some very good opportunities.
Lesson learned: I have funds to average into positions, so that's what I'm going to do! $2500 earning almost 4% at XOM is better than $2500 depreciating in the bank (waiting for $68).
Ronn