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 (52591)	10/7/1999 7:38:00 PM
From: Crimson Ghost	Read Replies (1) of 95453

The key to making money here is not trying to guess where the OSX will bottom, but being ready to buy big when the technical action signals a bottom is in -- whatever the level of the OSX at that time. Buying cheap will not make you money if stocks get still cheaper. Especially for traders who cut their losses short as they should. I still think the bottom will be marked either by the failure of the OSX to react to bad news or a final selling climax that is quickly reversed. With even Slider now talking about OSX 60, my instinct tells me one of these is very near.

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