“Timing the market is not difficult, but impossible”. This is what I’d say if an investor inquires whether I can time the market. Looking back at my recent calls on Occidental Petroleum Corporation (OXY), however, I am contemplating whether it’s high time to change my stance on timing the market (no, I’m not serious). Courtesy of Seeking Alpha Premium, here’s a snapshot of what I’m talking about.
Source: Seeking Alpha
To summarize, I found Occidental stock appealing in mid-March when everything seemed to go against the company, and in early June, I decided to book my profits even though the macroeconomic outlook seemed to be improving. Nearly four months after, I still find no reason to jump onboard Occidental despite a few silver linings. The risk-reward profile, in my opinion, is not skewed in favor of growth investors.