Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lucretius who wrote (20065)	4/22/1998 6:57:00 PM
From: waverider	of 95453

LT, you make some excellent points. While not willing to predict overall market directions, the internet hype and the overvaluation thing has me worried too. I'm not interested in selling anything I have, but then again most all I've got is in the oil patch (minus QCOM and RAIN)...as you said, we should be somewhat protected here. I sold the Fidelity Select Electronics Fund in the accounts I manage and move it into Energy Services and Growth & Income a couple weeks ago. Nothing like an undervalued sector and a general fund to protect you somewhat. I'd be nervous holding short term options here on anything...even though I still have my FGII Mays and NE Sept's (both 30)...so I guess I have grounds to be nervous a bit...am I?...will I said I'd would be so I guess...well, maybe I'm not. Understand? Hmm... Anyway, I agree with your prediction of a nasty correction...next week, I don't know...but soon. All I know is that I DON'T want to be around this coming OCTOBER! Rick Hydrocarbon

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