Wednesday, April 06, 2005
All hands to the pumps
All hands to the pump
I think that's a nautical term - meaning the ship is going down unless the swabs start bailing fast. It's all hands to the pump here too, pumping oil out of the ground and cash into my portfolio.
The morning was spent at the annual Oil Barrel conference. And an excellent morning it was too. I went along with the hope of getting the inside track on possible oil investments. The holiday from hawk-like monitoring of my portfolio was just what it required, as Dana shares advanced 3.5% higher while my attentions were elsewhere. The shares now sit at an all-time high of 584p to sell.
It's a bit like waiting to see if a cake will rise this investing game. The harder you look the less likely you are to see anything exciting happen but if you've done the ground work, faith and insouciance and a lack of meddling interference will ease the wait and make a positive outcome more likely.
More analysis of this morning's company presentations soon.
The Artful Dodger
I think that's a nautical term - meaning the ship is going down unless the swabs start bailing fast. It's all hands to the pump here too, pumping oil out of the ground and cash into my portfolio.
The morning was spent at the annual Oil Barrel conference. And an excellent morning it was too. I went along with the hope of getting the inside track on possible oil investments. The holiday from hawk-like monitoring of my portfolio was just what it required, as Dana shares advanced 3.5% higher while my attentions were elsewhere. The shares now sit at an all-time high of 584p to sell.
It's a bit like waiting to see if a cake will rise this investing game. The harder you look the less likely you are to see anything exciting happen but if you've done the ground work, faith and insouciance and a lack of meddling interference will ease the wait and make a positive outcome more likely.
More analysis of this morning's company presentations soon.
The Artful Dodger
Comments:
Post a Comment
