RE:RE:RE:RE:Surprised BTE is off of Nuttall's Top 10Nuttall's latest top 10 holdings are "defensive" relative to what he is usually doing. It looks to me like he thinks there is going to be a pullback but doesn't want to be in cash in case he is wrong. So he's going with megacaps who would weather a decline in oil prices to $45-50 a lot better than his usual small caps.
This might have been his play going into the opec meeting, but as he has openly admitted, he was caught off guard by the outcome of that March 4 meeting. I'm sure he wishes he had left his small caps at the top of the list. His returns this week have not been strong at all, rellatively speaking, but I suspect many people's returns on this board were very strong.
He had BTE at $0.50 and called it a value trap and sold. That was in September. All he had to do was hold for 6 months and he would have had a triple.
Ouch.