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

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To: ItsAllCyclical who wrote (78805)11/13/2000 11:28:29 AM
From: isopatch   of 95453
 
JimL. PQUE, ESNJ, SMOP, ROIL are adds for me. CRZO & VPI on deck:

Stopped out of EEE last week. Feel lucky to have scalped a small gain. Frankly Jim, I don't know what the hell the problem is there.

Basically my rule is "when in doubt...GET OUT".

Fundamental news usually surfaces long after the tape has "told the tale". And I'm not going to wait around for a loss to tie my hands.

Because I don't have a loss in the stock, there's no need to wait 30 days to reenter. So no matter how soon the likely negative news surfaces, I can be a buyer if the pure fundamentalists sell enough to make wash out the price.

Isopatch
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