For those who bother to read our posts regularly--we think there are at least two now, though one is a distant cousin from all indications--you know we have written often about energy stocks.
Here a brief list of some articles: "Energy Spike Intrigue," "What The Frack Is Happening," "Don't Sleep On Energy," "Nimby Nuts," "What The Market Offers" and several more. Earlier this summer when energy ran up with crude hitting $115 a barrel we said there'd be a pull back.
In fact, we mentioned the coming pullback before it topped out. That's pretty much how markets work. Few observers ever hit exactly the pullback or turn around numbers. Nor is it necessary. Close is good enough in most cases to make serious money.
Well, though it might have some more to go, we're getting it. Wall Street bromides abound. Never try to catch a falling knife is one. Despite all the glut talk, energy is no falling knife. Smart traders put their positions on in tranches. And so should you.
Energy needs to be a permanent part of one's portfolio. As we navigate the Internet we look for stories that agree and disagree with our feelings about a stock or sector, notwithstanding all the macro-micro stuff.
Truth be told, we especially like those that differ from our opinions.
Like new highs and lows, we try try track or keep count, sort of like counting cards in blackjack. When the stories start piling up too far to one side or the other, we get interested.
But you need to do your own research and pick your own stocks. Here is a link to a recent post you might find interesting. Suffice it to say we own and very much like the prospects for some of the companies named here.
http://www.marketwatch.com/story/5-reasons-energy-stocks-will-stage-a-second-rally-in-2014-2014-09-19
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