Weekly Summary

This past week was murderous to my portfolio - though given the performance of the entire market, I don't think I'm alone in this predicament:


Given the way things are going in the overall market, I'm going to have to deviate from my general strategy of dumping a position when it falls below 50% of its original value. Otherwise, I'd be dumping about half of my portfolio: DEXI, FEEC, RAD, IVAN, and FRE.

The wise guys are saying that this is the time to buy, as you'll make a killing when the market recovers. While that sounds like good advice, they've been saying the same thing for the past month, and anyone who's done so is sorely regretting it.

I'm going to wait for a full week of positive movement before I get any deeper into the markets, and I'll hold onto what I've got in hopes of recovering some of what I have already lost.

Ivanhoe Energy (IVAN)

Company:	Ivanhoe Energy, Inc.
Web Site:	http://www.ivanhoe-energy.com
Purchase Price:	$2.31
Current Price:	Click Here

I've had my eye on Ivanhoe Energy for a couple of months now - ever since the company acquired three leases in the Athabasca oil sands region in Alberta. While I've been watching several companies through the spring, I've been reluctant to get back into the oil business since taking a loss on Pilgrim ... but there's just too much potential in this player, and the major players are beginning to take notice - so I figure now is the time to strike.