There are so few investing alternatives that even fairly tepid "good news" (like a jobs figure that barely treads water with natural population growth) send the market to new highs.
I am not playing this terribly well, settling for a percent a month by selling puts at 35. That approach leaves you pretty far behind when the market decides a 165k jobs figure is a reason to par-tay. I'd guess you guys who are trading the sawtooth NE action over the past half year are doing a lot better.
Sold my PACD, out of NE and ESV except for some puts. At the moment, NOV's combination of no debt, high cash and comparable PE and PEG numbers with the drillers has me putting some money there.
it is very hard to find anything in this market that looks like a good buy, just sold my NE for 39, everything just looks overbought and subject to a correction but I guess that is just the state of the market, and it is what everyone has been saying for months, hard to even trade as I tend to be conservative and sell the rallies and in this market I probably shouldn't be doing that. Good luck Petro