Replies to post #586908 on Zeev's Turnips Patch-No Politics (ZEEV)

[zab]

XIN-pure speculation on my part nibbled a little here at 7.09, very thin trader of late. Market seems to be holding, it would be nice to see this market stay green today, might worry a few Bears over the weekend.

zab

[bkcrau]

re: FTO, it's a beaten up stock in a sector that should see good growth as long as oil prices stay up.

[Taxmantoo]

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.

[Newly2b]

Re FTO, I'm just sheeping it here (following the herd) -- JimQ, Taxmantoo and pantera, all of whose opinions I trust, are all in above my price, and I see bkcrau is in now too, at a lower price than any of us, LOL. I'll dump it today if it doesn't start to move soon. I hate holding positions that are 'dead money', they always seem to move against you as soon as you look away.

Newly