Oil Price, page-19

Stock selection and entry point is important.

There is no point in identifying a great stock but stuffing up your entry point. For example, Farjoy identified FAR but stuffed up the entry point. He ran down the hill instead of walking down, if you get my drift. For mere mortals, holding that position with ALL your capital would be rather mortifying. FAR did subsequently trade at close to half their entry point.

I don't spread my entry or exits, but that is an example of why it may be a good strategy. Maybe it was just bad luck.

I'm not saying FAR wasn't worth holding the past 9 months. But had you invested all of your capital in FAR the past 9 months it would be pretty frustrating and potentially very costly.

Last point, oil is a commodity. That is a an important take away. No mote, few barriers, lots of politics, heaps of alternative energy sources, plenty of volatility, high costs.

Onwards and upwards, fingers crossed.