RE:RE:RE:RE:RE:RE:Next Monday & week ahead.... And here is that pull back I was referring too. Down 5% as I write this. Granted, as some thought I was talking about a 10% or 15% down turn which no one can ever call....just a hopefull guess for more share purchasing reasons. Anyway, with this sell off now, just bought a bit more and will buy more if it dips again tomorrow or Friday.
My goal is to load up as much shares as possible before the Dividend is re-introduced. My actual bottom cost will increase a bit buying at higher levels but.....it'll be worth it because longer term VET will be much higher in price.
We haven't had dividend funds buy into this yet so, wait until that happens. So, I very much welcome red days now. For me anyway.
whoLuLu wrote: Oh, I thought you were waiting for that pull back to sub $11.00. Im all in big and not trading at all. Not as much as PP though. ;>(
stockmarket1 wrote: Waiting for what? My cost is in the mid $8 range lol. I'm up well in the green. Haven't sold a single share and not planning on selling anytime soon. I'd love to add more but it keeps going up lol. I'm OK with that. How about you??
whoLuLu wrote: still waiting ??
stockmarket1 wrote: Yes, I agree Nava. For sure I can see a decent pull back next week. Even if it take us below $11 ....I would only see that as a major buying opprotunity.
What you said and November earnings should be a lot better. So....it's a recipe for a much higher share price as we go into December.
navajojoe wrote: stockmarket1 wrote: Past 2 weeks have been outstanding for VET and the sector itself. That said... With the upcoming opec meeting, any bets this sector as a whole will pull back next week? You think a lot of profit taking will occur? Gotta admit... We've had some really large gains here. . For thoughts and comments....
If OPEC hints that they might start pumping more oil, I don't see how we wouldn't see the traders taking profits. Both the oil futures and individual stocks have had big runs, lots of paper profit there.
But the basic problem of a shortage of energy of all kinds doesn't look like it will be resolved any time soon, and winter is coming. If there is a pullback, I don't see how it can be sustained. All we need is some other disruption in supply, and the roof could get blown off.
I have trimmed a few shares in some energy stocks lately, simply because I was insanely over-weight in the sector, but I haven't touched a single share of VET, and have no intention of selling any time soon. JMO