Resolved Question
Stockpickrs.
I have 100 shares of a stock that I have a 73% gain on. I would like to sell 50
shares of that to take profit, then I would like to buy some PTR (PetroChina).
PTR is at $147.32 so I can only get 8 shares of it. Its 52 week high is
$266.81. Is it stupid to buy only 8 shares of something? It pays a nice divy,
and I think it would be a good investment. It seems to me like I could possibly
get a double on PTR but is the Chinese so there is risk.
Let me know what you think.
Thanks,
Kathy in NJ
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Thanks all. This is very good and solid advice. Yes, I did take profits one
time before.
Yes, I am wary about buying Chinese, too.
Thanks!
Kathy
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Take your profit, wait with the cash.
When you see a 3-5% pullback on a Nat gas name, that's when you put the money to
work.
I like APC, NOV, XTO, GLF, HAL, PDE in that order.
Long APC, GLF
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Quality Kathy beat quantity anyday. I rather own 8 shares of say GOOG or POT
than 1k shares of VG or SIRI. Chinese oil I don't like. Petro losing $ because
the China gov and price caps on the oil they buy from Petro. They are not
seeing the return. I am short anything of China long of everything they need.
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I would not own Petro China, if you look into the company their margins are
falling because of tighter government regulations, and lackluster refining
margins. I do not like the Chinese oil plays right now. If you want an
international oil company I would buy PBR or OXY.
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no its not. you buy how many you can afford, just because you buy less than what
other people buy means nothing.you get what YOU want, the hell with what / or
how many others get......chris
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no its not stupid to buy 8 shares utlimately its about the return you get and
its in percentage..so its going to be the same return
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