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Penn West Petroleum Ltd. Message Board

  • simlogger simlogger Jan 18, 2013 1:40 PM Flag

    We all need personal filters!

    There is so much “information or noise” out there that unless we have our personal filters to help us distinguish “help” from “harm” we will certainly go wrong.

    Using Fox for price of oil, “Squid” (Goldman) for price of gold, cable channels for whom to vote for, and posters such as me for direction of PWE is the surest way of being a permanent LOSER.

    Why not spend time and energy and educate ourselves to become self-reliant? Why not become self-reliant in everything; especially in the markets? Is that not the American way of life or used to be?

    Happy long weekend to all.

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    • I couldn't agree more. Anyone who bases their buy/sell decisions on what they read from cheerleaders on Yahoo boards deserves to lose their money. The only addition I would make to your comments is that when you are doing that research, keep an open mind and be unemotional. If you make a mistake, liquidate and move on. Don't rely on hopes, dreams, lust or piques of desire to color your judgment about a stock. Numbers do not lie (unless you want them to). History does not lie (unless you twist and color it).

      Sentiment: Sell

1.85+0.14(+8.19%)Sep 28 4:02 PMEDT