tag:blogger.com,1999:blog-3570592248089766665.post5610679309314995200..comments2023-09-06T04:09:04.780-07:00Comments on Rescue My IRA: Rescue My IRA: December 2015 ResultsAnonymoushttp://www.blogger.com/profile/10647514587230225758noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3570592248089766665.post-22478354526489636302016-02-14T06:06:46.235-08:002016-02-14T06:06:46.235-08:00Thanks, Jim. I'd call -4.6% a victory in this ...Thanks, Jim. I'd call -4.6% a victory in this market. I'm about 50% cash right now, but I'm planning a major entry into the oil stocks. I'm looking at relatively balanced entries into KMI, MRO and HAL. I'm going to go heavier into PWE, a large oil concern in Canada that I've owned for at least ten years. In this oil market, it's been destroyed, losing about 90% of its value this past year. That was a market overreaction and I'm going to go into it heavily. Another stock I like is CLF. It's a Cleveland-based iron ore miner that's lost 99% of its value since that market crashed. The US government will not let it fail, due to its national security importance ( we need steel). The steel market is a bit like a rubber band. It will snap back eventually, pushing CLF much higher. Patience will be rewarded. I've also been selling weekly CC's against USO. I got assigned last week, but I'll get a chance to get back in on a pullback and then I'll resume my weekly CC ritual. Best of luck.jgatsioshttps://www.blogger.com/profile/06048703927780554227noreply@blogger.com