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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Second_Titan who wrote (85677)1/30/2001 1:41:56 PM
From: Think4Yourself  Read Replies (1) of 95453
 
I honestly believe we are already seeing panic brought on by last week's low draws, the drop in NG prices, and fears of a repeat low draw. Buying producers today is actually easier than shooting fish in a barrel. Just put your net near the barrel and they jump from the barrel to the net. If that ain't panic what is?

Since I am focused on a longer term than a few days a 10% discount is too good to pass up. Don't care if I hit the bottoms exactly. Just buying the dips, as I have for the past 49 weeks. In three weeks I'll be enjoying a 30+% advantage over the short term traders and can reduce margin usage accordingly.
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