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

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To: ItsAllCyclical who wrote (85608)1/30/2001 1:02:07 AM
From: CpsOmis   of 95453
 
<<<Seems rather impatient of you to sell now, but hey what do I care, it's not my account.

Being patient w/my huge SMOP position, have a small stake that I'm trading 'just to stay in practice'. Bought 1/11 at 2.42, sold 1/22 for a 11% scalp when it surged @ 2.74... Rolled that in and out of PKD Friday/Today for another 7% on top of that for a 20% trading return in two weeks. Wheee!! It's fun when you win 'em!

Anyway, I am trolling again for EEE again in the 2.40 range, given that the price has been gyrating up and down a lot. I do agree with you that they look like a decent LT situation even if the sale doesn't work out, but I suspect that there will be a lot of speculators that cut and run in that scenario. For that, I may troll in the low 2's.

Good luck to you. I suspect and hope you will do very well.

Cosmo
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