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Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W


Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).


ARCA:XOP - Post by User

Comment by Blanche2285on Nov 29, 2016 6:58pm
216 Views
Post# 25530720

RE:RE:RE:No big buyers

RE:RE:RE:No big buyers
I agree with your greed and fear points. Truthfully, I am holding about twice as many shares as I intended to at this point. Why am I holding twice as much ? I suspect I am not alone, but my plan (hope) was to sell half my position in the updraft after the drill announcement. Now that the updraft has not occurred I am facing a decision as to whether I hold all the shares until the results come in or sell into the current down draft. I believe part if the reason we are seeing this current selling us because others find themselves in a similar position. I could afford the loss if the news is bad, but it would sting. I will likely stay put at this point and hope to the best. We all need to be responsible and not bet the farm on this play despite it's huge potential.
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