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  • radwill radwill Dec 20, 2012 7:22 PM Flag

    affects of $50 oil?

    If you would buy at $22.00,why not buy at $25.00. Please elaborate on your thought process.Thanks

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    • Sure...look at the daily fluctuations for the last 1-2-4-6-12 months etc.Trades between 20-26 roughly.You can wait it out to buy lower.Will it go up/down? Who knows.Warm winter so far.I guess down lower e.g 22 vs up higher 28. Why buy high.I think it`s a great investment at 9%, but wouldn`t buy it now.I`ve always liked glp, but I`m not going to fall in love with it.If I had it at 21-22 and it got to 26, I`d sell it.You can always move to something else.I have plenty of candidates, but I can`t buy everything! One thing I would give advice to(even though you didn`t ask!) is invest in companies that pay you while you wait, eg divvys/distributions, and invest in oil/energy.It hurts alot less when the markets are #$%$ if you are getting paid 50 cents a share/quarter!

 
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