Helix Energy Solutions Group, Inc. (HLX)

[jugs]

HLX appears to be on the move today. With just under two hours into the trading day---and, mind you, this is a Friday that typically reconciles dramatic price swings occurring earlier in the week--- we can see that HLX is showing +33 cents resulting in a $5.05 share price. This has me ahead slightly over yesterday's initial buy of 200 shares at $4.78 (rounding upwards).

This is where I begin to wish I'd gone for more shares at the start altghough I was conservative for good reason: There's much to learn about any stock new to our ownership program. Buying a large upfront position guarantees nervous responses. This runs counter to my buy of yesterday which was essentially aiming to give me time to accumulate information while looking for ways to uncouple cash from possibly less desirable picks currently held.

This produces a churning effect wherein the imperative is that of reducing or eliminmating positions deemed less promising in order to increase dry powder for additional HLX purchases. Painful as it may be, the fact is that we should never forget that a sound investment program invites inquiry into earlier buys. So it is, then, that I will not hesitate selling some or all of a position in another non-income producer if I believe HLX is destined to outperform that other pick.

On occasion, a change of allocation will result from the greater desireability of a sector entering into a more positive modality. Witness energy---now on the upswing and nearly all of my picks are moving up in dynamic fashion. This is clearly a sector change we're experiencing. And inasmuch as I'm not currently invested in E&P's, my gains are coming almost entirely from the oil services area.

HLX, MDR, SDLP, NGL, ALDW----these are some of my more prominent picks.