What about DE?
With our recent QQQQ buy, we're $78 in the hole again?!?! Etrade must be fleecing us on the exchange rate. If we're going to sell SLB anytime soon, we should also sell DE. They move very similarly, and I don't see a scenario where DE diverges from oil and commodities. Selling either would not really give us much to buy anything new, but together they would net about $4300 Cdn, which should be enough to take a position in the next item.
Arash suggested add more funds to take bigger positions. I'm OK either way. If we have an investment thesis to buy something, then we can add cash, otherwise, I'm playing in my TFSA.
posted by Junk Bonds @ 4/01/2009 12:21:00 AM
3 Comments:
I'm not sure about holding or selling either. I could see Ag going higher from here but maybe DE isn't the way to play it.
I'm OK withing selling SLB to fund another position. I have no new ideas at present.
Oh do we need to cover the $78 difference?
I'll buy you dinner.
Actually, I also like the Ags and I've been adding to my COW position. It's had a nice move; seems to be driven by POT and MON.
BTW, that's another way I like to play a sector, buy two stocks; it reduces non-systematic risk by 71%.
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