Thanks shorts, not really sure what the pinkie reference means here. These are totally different markets. Yet, as we've seen there is a pretty decent loss from the highs so just plain closing one's eyes and saying it went up in the past, doesn't do it in my opinion.
As you know, I follow a lot of stocks. I've done exceedingly well in the oil and gas sector, from XOM and EDP to FPP on the low end. My returns have been higher than they would have been here, not to denigrate what has happened here in the past year.
Quite frankly, I needed more time to digest the complicated legal and tax issues and did not do any more research after my initial post. I wanted something to add to my core positions and I tend to do more work than on high risk low dollar value holdings.
Now that other sectors are so high, I was attracted by your posts and, despite the good return the past year, there seemed to be the possibility of continuing value enhancement.
As I suggested before, it's not a question of where the stock has been, it's where it will go in the future. There is a reason the stock has a high yield and may have high risk value.
I am interested in learning more. I'm not investing now, but may. I don't like the idea of potential unlimited liability and potential sharp reduction in share price if the tax law changes or if it is anticipated to change.
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