* planetout – took a hit when it dove because I got in too early at 1.64 but added at 1.04 so I’m break even now but still excited about the turnaround and sale story. (They’ve retained allenco which wouldn’t bother unless they saw a large transaction potential.)
* oil rig leasing companies – I got lucky on timing with my entry point. (They’re all up 30-40pct in 3 months.) Seems they have gained the love of hedge funds which we all know can go away fast too, but I love these long term as a more insulated way to get long term exposure to oil. Because most of these companies have multi year backlogs, you’re getting a long term call option on oil with dollar protection too (since oil will price on world market).
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