RE:RE:Happy and disappointedWhen Eric says generalist investor, I believe he is refering to the people running non-specialized funds. Fund managers who manage funds investing across multiple sectors.
Eric would be a specialized investor -energy - and most people on this board would be retail investors.
WINDGOD46 wrote: To understand what is happening in the oil market you have to understand how fund managers make decisions. Unlike the individual investor that can decide what to do with his money and where to invest it, fund managers do not have that option: they have to follow investment guide lines which likely are taken by the board of directors and the fund manager has no choice but to follow the guidelines or he/she loses his/her job. And the trend in the oil market is "buy the dip and sell the rallies' because there is no long term future in the fossils energy. That is why, the other day I mentioned the "generalists" people like you and me, can make the difference by buying oil stocks. Do not expect the money funds to get in and buy massively oil companies, especially small or medium size companies. This explains why WCP has treaded water for the last 18 months. This also is the position of Eri Nuttal who pins his hopes to the "generalists" and not hedge funds or mutual funds investing in oil. But, but, that is alright we'll take the "outcasts" as long as they perform and deniers will come around sooner or later and WCP is bound to be the game changer. Good Luck folks