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Courage of Your Convictions -- Revisited
Based on some of my recent posts, I want to review my current thoughts and apply them to my next SLO2 moves. I am trying to take advantage of short-term moves that have gone against me (or for me) to strengthen my positions. This emphasizes that an individual investor must research hard and stick to your investment thesis in good times and bad unless new verifiable information changes that thesis.
1) I believe agricultural chemicals have had a great run and are due for a strong pullback.
Action: I will be finalizing my sellout of these from my original SLO1 account by selling all of POT at the market tomorrow. I have also sold all of these from my personal accounts.
2) Regardless of the strong upward fundamentals in the long term for Oil and Gas, there is only so far Oil will pull away from $100. Much of the upward trend is depending on the drop in the value of the dollar and short term disruptions in supply.
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