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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Ox who wrote (53085)10/15/1999 4:29:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
michael:

We are on the same wavelength. Several times this year I have posted that I expected a big stock market drop this fall. I don't think many took me seriously. Well -- just as with my bullish gold call --look whose laughing now.

I have a substantial position in the most leveraged bear fund -- USPIX. Probably up 5-6% today after a similar rise yesterday.

But the good news for energy investors is that oil services are acting EXTREMLEY WELL in this market debacle. I have not sold any of my newly acquired position in FSESX and plan to buy a lot more early next week. My position in USPIX has enabled me to ride out the storm in great shape. And I am 99% convinced that the oil service stocks will SURGE WHEN THE MARKET REGAINS ITS FOOTING.
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