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1 point   posted on 09/16/08
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Need advice (IN General)


i am holding oil stocks by company OPTI.INC (OPC.TO) i am confuse what to do as i am loosing alot at this point can i sell all or hold them .oil sands stokcs will go up in near future?? Any advice will be greatly appreciated

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NXY Nexen Inc.


Comments (5)

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allstarinvestor   85%     1 point   commented 430 days ago reply

arnt there stocks out there in that industry that would have a little large market cap and a little more stability

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traderdrew   51%     1 point   commented 431 days ago reply

it all depends on how long you are willing to hold

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Jpeg_sun4agk
Locationh   61%     1 point   commented 431 days ago reply

Is this your only holding? If so take a loss and look for another investment. If this is only a fraction of your portfolio hold. I looked at her chart going back to 1999. the company peaked in March and July of 2000 then headed south and flat for till April 06, just before our current oil crisis, when she peaked on Jan. 1 2007 and has been heading south since. A long haul but it looks like she follows ahead of the world oil market.

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Bull2
midg3t   75%     1 point   commented 434 days ago reply

GET OUT !!! global demand has declined so has the demand for all commodities blame china lol not to mention the liquidity going on i dont see oil prices going higher not for a long time

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Gekko
Walter Thatcher   74%     1 point   commented 434 days ago reply

If you stil believe that long term demand is greater than supply, then hold on and even stock up. Unless, of course, you find something has materially changed about the company specifically and their prospects, ignore the short term swings of oil.


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