Veltex Corporation (VLXC)

[pual]

O.T. to shrotker,

You are probably right but I personally sold most of my oil based investments considering the nice profit I was able to cash in and my worry considering that most had gone thru a very rapid growth since last summer.

My plan is to remain cash heavy till this sector comes back down quite significantly. I do not know when this will happen but I do not mind waiting.

As an example, short of reasons to justify not to,I would be tempted by EXC whenever I see PPS in the range it was within let's say last October ($36 - $38).

One of my energy-utility fund I owned for years (ERF.UN) generated a great yield for years. Having bought most of it in the 1998 time frame at $16.50 (accounting for a 1:6 R/S) and having recuperated most of my capital thru dividends, I dumped it all at $43.00/share last October (it went up to over $48 few months later and closed at $44,80 yesterday).

I plan here again to re-enter but the whole sector (oil and utilities) in my view is still inflated. I may be wrong (that's part of the game) but being cash heavy these days seems prudent ... MHO only.