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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (61775)3/8/2000 10:58:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
I want to take profits but know almost all of the EnP's are going to surprise strongly to the upside. I took profits last year at about this time, and regretted it when I later calculated what I left on the table. Not this time. Many of these stocks will blow away their 52 week highs in the next 2 months, and rightfully so. We may have pullbacks every few days. I ride margin down on up days, and buy like hell on pullbacks. It has been working really, REALLY well for me. Dollarwise adding mostly large, financially strong EnP's, with substantial production. You know, the ones the funds want now, and will be falling over themselves to buy next month ;o)

With the exception of MDR, I am totally EnP's, and plan to keep it that way into earnings season. Don't see why the OSX is going to record levels AT THIS POINT. If the EnP's are smart they will use most of the cash to repair their balance sheets, and reward stockholders by buying back stock. This appears to be exactly what many of them are doing.

EnP's have just started their run. Let's say OPEC ups 2 mmbbl/day and oil "tanks" to $25. Are the EnP's priced properly for $25 oil? NO WAY! Then there is NG... This is the most no-brainer way to make money that I have ever seen.
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