RE: ER risky?Yep, in a market like this it is probably best to steer right clear of the spec plays unless you are very good at reading momentum and have the time to follow it all day long.
I've dropped everything in my portfolio that doesn't have some kind of proven or near proven resource. ER is indeed very low risk. Every time it dips back into the 70s, I've been buying as much as I can reasonably allow myself to buy.
This is the kind of stock to be accumulating while the market is in turmoil, imo. The past few days have, however, been a bit trying, as I've personally lost half of what I made in January in this week alone. It's hard to predict just how far the market can drive down undeserving stocks.
franz