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

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To: Crimson Ghost who wrote (60107)2/10/2000 3:22:00 PM
From: jim_p  Read Replies (2) of 95453
 
George,

I agree. We have two problems, first the uncertainty of the OPEC meeting and second the disbelief in current oil prices.

Time is on our side.

The meeting will be a win win once it is over. In the mean time the back end on both oil and gas have been strong. Jan 2001 NG is now at $3.00. The 12 month oil strip is at an all time high.

The market is starting to believe, and will soon explode.

I will stay fully vested in 100% oil and gas stocks. When NASDAQ falls, a new bull market in bonds should begin. A good time to buy the 30 year zero's.

I have now recovered 100% of yesterdays losses by using margin on what I learned from Slider. Buy when you want to sell so bad you can't stand it, and sentiment on the SI thread is very negative.

Good luck

Jim
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