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

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To: Wowzer who wrote (50209)9/1/1999 1:15:00 PM
From: double-plus-good  Read Replies (3) of 95453
 
Rory,

do you keep any enp shares in your long term box? your aggressive trading in TMR and RRC makes me wonder how my approach might best be modified. The bulk of my RRC is stuff i have been holding since march. I sold 1/3 positions at 6 and 7 and rebuilt and enlarged the position at 4 1/2 to 5 1/2. My minimum targets for RRC sales now are 8 and 10. that short position is something that should be considered IMO.

With TMR I loaded very large at 4 and have traded 1/6 position back and forth between 4 and 4 7/8. I see TMR well north of 6 in the near future.

Picked up Belw the other day at 3 3/4 and am starting a new position in EEE today at 2. that looks like a promising trade. I'll be buying heavily at 1 3/4 on down.

++good
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