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IBDvalueinvestin (99.67)

Sector rotation into energy started already...based on the

Recs

2

May 06, 2009 – Comments (1)

the stock performance today of the High beta energy names like PDO, royl, mxc, fpp

but I wouldn't buy those low floaters. I rather stick with the bigger names like HOC, HLX, WNR, etc, etc,

I said earlier that this will happen:

Sector Rotation out of Banks will start after Stress test report.

Banks have rallied 100% to 300% depending on which bank you look at, but that was the easy money. Now to safeguard those returns many will rotate out of banks and into the energy sector again. That is the one sector which is still well below its former highs. Oil is still in mid $50's after being $147 in July 2008 Peak.

 

 

1 Comments – Post Your Own

#1) On May 06, 2009 at 7:24 PM, nuf2bdangrus (< 20) wrote:

I sold off energy because it is also parabolic on the charts.  I may buy back...I dunno.  I think you're right...KOL and the like are ON FIRE.

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