on ignoreI could but one of the reasons I like his posts is that he throws stuff out there that I haven't seen or considered.
I don't take any of his posts personally as I learned the hard way, many decades back that you don't invest in stocks the way you chant for a sports team.
For many of us, this is the real thing, in terms of how well our retirements work out and emotional ''rah rah, go team go" has no place for consideration, other than if for some reason you're shorting a stock or have fallen in love with it. Neither of which I do.
When I purchase stocks, my minimum investment is $100K. That can make for significant gains or losses depending on a lot of things beyond my control.
I don't expect anyone to blindly follow my opinions given here.
Mostly it's just real time observations, available to everyone and my take on the information. It's all IMHO.
I got a bit lazy a few months ago and had come to trust the info towers on the right side of the screen while watching CNBC/Bloomberg.
I don't know if you folks remember but back in 2014 they both had issues with their oil price information on their tower results.
The prices were stuck, just above what would be relatively profitable levels and they stayed that way until they were informed by a caller on one of their call in with a question programs.
They apologized and took the prices down of both WTI and WCS.
A few weeks back the BNN info tower froze up on WCS prices and it took me a couple of days to notice.
That started bells ringing and as I had already made a decent profit on ENCC, I sold out my 25K units at $11.24
Last Friday, I bought back 10K units at $10.86.
I'm not all in and won't be until I can see a reason to be.
I don't like trying to catch falling knives and very likely I will only be invested here until I make the equivalent of the distribution and maybe a bit more, at which point I will be out again, in an effort to maintain my capital seed money, with enough gain to cover my monthly withdrawals and make up for inflation.
That's my strategy and has been for the past 20 years.
It works for me in two ways, one it's fun and very telling of present historical incidents as to how they affect the present real life world. Two it preserves capital in a manner that makes me less worried.
Preservation of capital is paramount in this strategy. If you lose your capital base, you lose all chance of making profits that can make life easier in retirement.
I've been fully retired for fifteen years and this investment strategy has returned an average $50C per year in that time, so I don't see any reason to chase after pots of gold at the end of rainbows.
Nothing special at all about this strategy.
GLTA the good folks here.