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Wednesday, October 12, 2011
Not Liking what I am Seeing in Europe (and maybe China)
I have reconsidered holding energy equities at the moment... and have sold out more than half of my positions.
There is an old saying in Hedge Fund Land... "If you can't be sure you are right, be liquid."
I am liquid. I feel much better prices are to be had over the course of the next couple of quarters.
I hope you're right my friend. I dumped all my energy equities earlier this year as well. More out of protest to my old ML investment account becoming some BoA edge thing and them charging a quarterly fee now. There was no way I was going to push that self directed account to the limit they required for fee waiver. So now I need to think about buying into them again when/if the time is right.
I hope you're right my friend. I dumped all my energy equities earlier this year as well. More out of protest to my old ML investment account becoming some BoA edge thing and them charging a quarterly fee now. There was no way I was going to push that self directed account to the limit they required for fee waiver. So now I need to think about buying into them again when/if the time is right.
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