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: SliderOnTheBlack who wrote (48202)	7/20/1999 1:12:00 PM
From: RBlatch	Read Replies (1) of 95453

Slider - Agree for the most part. I have both my trading accounts and my retirement/Roth/long term accounts. I've got significant positions in the long term accounts that I'm not going to fool with. Just let them sit and watch. My trading accounts, however, have done very well so far this year BUT, I'm seeing the most consistent erosion in my oil stock holdings that I've experienced so far this cycle. That's why I took the profits that were left in them and went to cash. For the life of me, I can't think of what market moving news is going to come out between now and the end of September probably, to move these stocks substantially. We're already seeing no reaction to very positive API numbers the last several weeks. Likewise, $20.00 oil has become Ho-Hum! We need a sell off if for nothing else then to attract attention to this sector again. It's tough to compete for the dollars when the techs are doing so well. Hope I'm right. Can't shoot myself for taking a profit. Already shot myself too many times for letting profits go away. Cordially, RBlatch

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