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 (55955)	12/3/1999 11:12:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Trading discipline vs. chasing the mo-mo merry go round This is so tempting for many to exit the Oilpatch here and to jump on the mo-mo train of the DOW & NASDQ move here. But, this is where discipline gets rewarded imho. CNBC just showed a chart on JDS Uniphase - a 9 bagger from this spring - a literal spike. How and why are investors piling onto these insanely valued companies here ? When the day comes and it will; someone is going to make a fortune on the short-side of these high flyers - near historic short side profits are looming. Time to start looking perhaps for a short selling fund manager with a sterling track record here imho. Buy oilpatch stocks - with leverage; and start looking for a good short selling fund... I have no real fundamental problem with Dell, Microsoft, Cisco, AOL, even Yahoo for example; but some of these stocks are clearly insanely valued and traded like a hot potato between only daytraders... Man, its hard to not start thinking like a Bear here... there are some absolute house of cards out there.

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