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 (60471)	2/17/2000 10:11:00 AM
From: Crimson Ghost	Read Replies (2) of 95453

Must confess to treasonous activities. Sold my FSESX ( a bit too soon) and put the proceeds into gold funds which are just starting to move. Also, convinced that oil prices are going to take a hit, I picked up a decent position in the Fidelity Select Transportation Fund. This fund has been decimated by surging oil prices and is the most obvious way to play a drop. Caught it at the low and it is rebounding nicely today. When crude gets down to the mid 20s, I plan to reverse the trade again -- out of transporation and into energy services.

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