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

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To: Wowzer who wrote (48477)7/27/1999 1:00:00 PM
From: double-plus-good  Read Replies (3) of 95453
 
Rory,

I've gotten a little gun-shy as well; CSGS went against me and TMR is showing no life. Additionally, we have seen very little price appreciation in the NG stocks on this price spike. I expected to see a little more action than we have in the enp's. I suppose the market is waiting to see results and accumulating on weakness.

I'm loaded on HOFF already. I don't think we will see too much downside action as there is likely to be support due to the approaching secondary. If it hits 6 I'll be buying, otherwise I'm on hold. I hope it behaves more like PGO than TEXP. VTS also filed a shelf today.

RGO looks like the best bet to me at this time. Once the index funds are finished selling off I expect there should be a bounce back to 5 or so. Good buying interest and 4 looks like its the floor.

Watching HSE and TEXP to increase positions on weakness.

++good
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