Recent

% | $
Quotes you view appear here for quick access.

San Juan Basin Royalty Trust Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • donchiandude donchiandude Aug 8, 2005 11:42 AM Flag

    SJT - all time high

    You have a right to your opinion. I don't think, however, that a breakout to new highs is the place that I should sell.

    I just was watching CNBC with some advisor who wrote a book; he was telling folks to short the oil market here. Wow...of course he might wind up being right and very gutsy, but more likely his followers are going to get run over by an 18 wheeler (oil powered of course).

    I tend to take profits when I have some indication that a move is faltering, *not* when it looks like a new move may be just getting started.

    Good Luck

    DD

    <<Somewhere along the line here the "greater fool theory" takes place as higher energy prices suck the life out of economic growth and whole sectors of the economy begin to suffer. Rising interest rates are already taking a toll on financials and some reit's and so forgive me please if I suggest that selling some of one's gains here, even if incurring taxes, may not be that bad an idea.
    At least set some reasonable downside target from here to do so. >>

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Please understand that I was not calling you a greater fool but merely referring to the theory that at a certain point people will stop buying and like a game of musical chairs, someone loses. Even ic4x was concerned when SJT moved into the low 40's and thought it might be overpriced. I respect you willingness to take what I consider a bit of a risk here and wish you the best.

      • 1 Reply to joantomwright
      • I understand and believe me no offence was taken. These levels are very high, no doubt about it.

        Regards

        DD

        <<Please understand that I was not calling you a greater fool but merely referring to the theory that at a certain point people will stop buying and like a game of musical chairs, someone loses. Even ic4x was concerned when SJT moved into the low 40's and thought it might be overpriced. I respect you willingness to take what I consider a bit of a risk here and wish you the best. >>

 
SJT
6.26-0.16(-2.49%)Aug 26 4:02 PMEDT