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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (61820)3/9/2000 9:56:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
I have been trying to take profits since the market opened. I just can't push the final button to sell any of my stocks. The ones with weakness are the ones I most prize (APA, OEI, UPR, BR). When I look at my earnings projections and compare them to what the ANALysts have posted, my fingers start trembling. One analyst increased his estimates by 50% yesterday, which probably brings him on par with what I have.

Regarding what OPEC will do, the analysts have not made even one correct call in the past 14 months. The futures traders, who have been far more accurate, are still saying OPEC will increase very conservatively. There are two differences between the two:

1. The traders talk with cash while analysts talk with methane.
2. The analysts can't be understood when they are sitting down.

I may regret this in the short term but I am holding. Longer term I am sure I will be glad I did as I am likely to have serious tax issues this year and/or next.
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