Replies to post #9201 on The Rising Influence of Rising Affluence

[DewDiligence]

…why [would] anyone would be interested in getting into this area at this time?

That’s what people were saying about stocks in general back in Mar 2009—see #msg-35980601.

[oldberkeley]

J.-

I understand your thinking and it's certainly a valid point of view.

I probably made a mistake with EXXI, but I'm hoping with some averaging down and a bit of a bounce I can exit with only a small loss.

With HES, for me it's a more serious, long-term buy in a company I've wanted to own. Maybe there'll be more of a dip (and in that case I'll average down) but this dip was certainly good enough to begin building a position.

-Gary