Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: isopatch who wrote (89858)	4/10/2001 12:50:13 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

I flipped about 1/2 of my oil buys here... Had to be a Pig & not a Hog given the API's tonight. Allthough positive draws are expected; we just got a 14 point OSX DCB and I'm taking profits... let a negative surprise hit the API's and we can buy 'em back cheaper & do it all over again... I'll take my hit & runs when I get 'em. Triggered a few stop outs in Golds - protected gains there, had nice pops in HGMCY & GOLD that I won't give up; holding all my Silvers no stops hit yet - they're holding fine at their lows. I think we get a retest of XAU 45ish here & that's a buy/trade again & I'll reload. Now about 50% cash again... some nice hits on "calls" on the oils fwiw and I'll let the other half ride... I like the "Call" leverage for upside trades & limiting my capital outlays & defining & limiting my risk. ... just have to think there's going to be a major negative Tech report coming & maybe it will be Cisco that rains some more reality down on Techland. I want lots of cash for both offensive buying/trading opps & defensive reasons here. Don't think we've seen the Tech bottom yet & a Cisco led collapse will cap the Oil move & we just might get yet another OSX 108ish re-buying/trade opp very quick if we get a negative API surprise and/or a Tech Wreck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next