tag:blogger.com,1999:blog-5975869446501122263.post7172866864488030610..comments2023-03-24T08:30:26.541-05:00Comments on market folly: BP Capital's 13F (Boone Pickens)market follyhttp://www.blogger.com/profile/07691612544809256786noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5975869446501122263.post-75165189677278909842008-05-20T20:17:00.000-05:002008-05-20T20:17:00.000-05:00elem3nt, all the above names I recommended are ind...elem3nt, all the above names I recommended are indeed trading high due to oil's run. These are all names I like over a long term timeframe though. So, what I would suggest is that you maybe take 1/4th of your position right now just to start it off. Or, you could wait for a pullback in oil (hah, at this rate though, who knows when that will happen!). Then, if you just add some limit orders down around where the 20 day moving average and 50 day moving averages are, you can just set those orders and forget about them until you receive notification that they hit.<BR/><BR/>Again, just remember these are all long term investments, so you want to slowly ease into those positions over time. Ideally, waiting for a pullback is best. But, you can always get a piece of the action now with all intentions of averaging down if/when the pullback comes.madhatterhttps://www.blogger.com/profile/09190401467783694097noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-52658846973524956032008-05-20T19:49:00.000-05:002008-05-20T19:49:00.000-05:00Hm.. all the stocks you recommend (in the final li...Hm.. all the stocks you recommend (in the final line) are at or near their 52-week highs. I suppose you wouldn't recommend buying them now would you?trolololhttps://www.blogger.com/profile/03939482854708250495noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-73540418947287752252008-05-20T13:23:00.000-05:002008-05-20T13:23:00.000-05:00thanks Mark. I doubt I'll be posting as frequentl...thanks Mark. I doubt I'll be posting as frequently as you do. Like you said in one of your posts, its like a second job haha.madhatterhttps://www.blogger.com/profile/09190401467783694097noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-83851666310136241662008-05-20T11:15:00.000-05:002008-05-20T11:15:00.000-05:00Congrats on the blog. :)Now you will see how much...Congrats on the blog. :)<BR/><BR/>Now you will see how much work it is to put up 6-7 postings a day ;)Markhttps://www.blogger.com/profile/06241756200482130281noreply@blogger.com