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Re: guzbug post# 586908

Friday, 03/28/2008 10:54:57 AM

Friday, March 28, 2008 10:54:57 AM

Post# of 704047
My reasons may have been stupid. JimQ posted his buy, and a while later I checked, found that p/e was quite low, it was an oil refiner with good earnings growth and a solid balance sheet, and I figured it would spike if oil went up this week. Seeing as how JimQ probably did some homework on it and I could get in 2% below his buy, how could I go wrong? Now I'm down 3%, and it was a lot worse yesterday. Contrary to my assumption, since I bought it the price seems to be inversely related to the price of oil, so it's recovering today as POO takes a pullback.

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