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: SargeK who wrote (49902)	8/26/1999 10:39:00 AM
From: The Ox	Read Replies (1) of 95453

It seems that you and bigbull have taken some comments a bit out of context. George and I (and a few others) have commented about the "short term" outlook. I have moved all OS trading positions (long) to the sidelines and have booked profits as I believe there will be a better opportunity to pick these same companies up cheaper than they are today. This has NOTHING to do with the long term outlook of the patch. I see a technical correction and short term weakness that I'm attempting to take advantage of. Right or wrong, it's timing the sector to try to create a maximum yield and minimum risk situation. I've had similar discussions with Slider in the past and back then, I gave him a very hard time until he clarified his call. Let me say that if someone doesn't have a long term position in the OS sector, then they should start buying in, maybe not today but soon. Those of us who have been buying since last Winter or Spring may have already established long term positions and don't need to "chase" some of these stocks. JMO, Michael

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