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 (58484)	1/14/2000 12:51:00 AM
From: ItsAllCyclical	Read Replies (2) of 95453

Slider, I believe a 50%+ weighting would be considered an overweighting by almost every professional money manager. I'm about as bullish as they get long term (2 years) on this sector. We're talking shades of gray. That's why I wanted to clarify my comments for those who only hold 5-15% of their holdings in this sector. In that case I'd take any sales or winners and certainly rotate into laggards. I don't see a full 100 basis point increase during an election year. High oil prices and especially declining stock prices will do much of the work. I'd say expect another 50 basis points, but that will be enough to pop the tech bubble and move the pendulum to value till at least summer imho. Yahoo is stalling (sold off after great earnings). First time I remember that happening. What was somebody saying about not being able to rally on good new? (VBG). AOL is dead. Volitility, often seen at market tops and bottoms has been incredible in the techs. The overall market has been tame by comparison. The long run in techs is almost over. (However, I bought some NPNT today in case I'm wrong - short term trading play). We won't need steller fundamentals if we get some decent rotation. We're seen that already the past few days. Bad API's? Oils still do good. Fund managers are scrambling for value plays here. When the value plays get expensive then I'll be pretty worried about the overall market, but we're not there yet imho. As you when know there are so many laggards in this sector both small and large that if it really starts to run I won't miss a thing. I can be 100% back in this sector with 2-3 days imho. Missed FGH?, not problem I'll buy GIFI, UFAB etc. People are far too obsessed with buying at the absolute bottom (myself included). As long as you make a profit, who cares? Aside from Healthcare, oils, cyclicals what other beaten down sectors are out there?

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