Tuesday, April 24, 2012

Sometimes the Bear Gets You:

Took my first loss in over a year - I should stay away form Energy ! Just as BP got me in 2010, Enerplus (ERF) went Enerminus in a downward spiral. I thought it was just the Nat.Gas decline, but it looks like they cannot support the monthly dividend. As it was, I lost 1/2 of what I would have just holding the stock (from 29 and 31 to 17 !).
The good news is I put on a B/W (buy/write) on Seagate - STX. Return looks much better than INTC.

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