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Old 03-22-2012, 05:55 PM   #7089
jasonturbo
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LOL holy people, take it easy on the noob, he won't learn if he doesn't experience.

Yeah wait to bring up CUU :s Lot's of people on here got romantic with that one.

CLL isn't in bad shape, it's holding up pretty well right now, commodities have been soft, Iran got quiet, delta between WTI and Canadian Bitumen grew about 20$/BBL in late January... so all in all... it's hanging in there alright. Financials didn't help and also did not provide shareholders the disclosure they are entitled to... that kind of thing makes me want to pull out.

It's up to any investor to determine their risk levels, no doubt there is far more and far less risky plays than CLL, but at this point, expecting even say a double to 2$/share within say 1-2 months.. I don't know how bad I want to hold onto it. I really think there is a lot of good buys out there right now, and that's what makes holding CLL hard.. to me it's not the fear of the stock dropping and the company going broke.. it's more the fear of WFC pulling some sneaky shit and selling the company for <1.50/share while I hold it for months and months. Possibly into a down-turning market.

Mehhh... We shall see, I'm fairly well diversified in various oil/gas producers, service providers, gold miners, uranium.. but that leaves me too tied to commodities.. but with econominc recovery and a run up with banks/tech/medical/etc additional pressure will be put on resources.. it just might be that commodities lag other sectors.

I need to spread some money into banking, BAC looks better and better everyday... Hopefully we can see a year where a lot of money leaves the bond market and gets back into equities, with yields as low as they are, you can expect that to happen shortly I would think.
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