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: Post_Patrol who wrote (63652)	4/3/2000 9:42:00 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

Well Thank You Cliffie - re: UPR... Well, Cliffie - better to have taken "some" UPR off the table (not all - but, most in all honesty) than to have missed the entire Oilpatch move entirelly (VBG) is is not ? Actually given some leveraged trades on moves in FGH , BSNX, COC b and one I am really happy about; catching UFAB at $7ish - I wish I would have taken more off the table... I've been pretty pleased with what the UPR $ that I've taken off the table have done lately... COCb & BSNX both alone far out paced the premium given to UPR from APC by the way - both in mere days; I have much of that move in the register as well and am rotating - hittin' & runnin' as fast as the opportunities develop. FGH nailed at $6 1/8 as a nice 1 day play leveraged into a respectable move with a small postion left to play with. UFAB here - will turn into a 50% move - a huge winner from $7 ish (was $12 on the initial OSX rally last spring & will be again soon). That I've allready made more than the premium given to UPR with the $ from UPR that I've traded since can be attributed to luck, or to lots of homework and being nimble in seeking the continued opportunity availed by this volatility of late... Holding UPR would have cost me money - but, I think I do remember pounding the table on it pretty early (VBG) - when others were not seeing the story because of debt , leverage , poor hedging and the lawsuit over its royalty payments. So excuse me for leveraging it for nice trades probably 5-6 times since last fall. I'd rather be first and at the bottom and catch the first major wave initially - leveraging it; ala~ VPI; that being the last guy off... it works for me & as long as there are new opportunities popping up allmost daily - never has taking profits & rotating worked so well. With the bit of UPR in both the trading & LT hold acct that I do have left - I'll take the profits totally here vs. holding APC. APC is not a bargain (allthough a good LT hold) & I'd take the money & re-deploy it elsewhere. I guarantee you that I can outperfrom UPR/APC from here forward as well... The key Postal is that this has been a "never ending story" - with lots of rotation opportunities. Untill the entire oilpatch become fairly/fully valued - this strategy is doing very well for me - ultimately; I will become & look forward to becoming a "buy & holder" with 75%ish of my entire holdings. Perhaps in 2-3 qtrs, buying & holding will be the play as the number of laggards will be vastly reduced and volatility will be reduced. Sadly Postal, there were many different "cars" one could have enjoyed on the Boom 2000 Super Train; the "bite" is not which "car" you were in/rode - but "being" on the Super Train in the first place (VBG) ~ ...aw Cliffie - there is sour grapes & then there is becoming roadkill by being left at the station entirelly as the Train passed you by... Is it OSX 115-120 instead of OSX 80-85 that got your goat ? - hey, being wrong by 40-50% doesn't make you a fool; an idiot maybe, but not a fool... By the way - we know you are NOT an idiot; hence my reference to your acting like the Village "loon" versus "idiot"... PS - you'd better take the profits in financials; as MSFT could un-ravel more than people realize & if Crude rallies back to $30 (it will) and gasoline moves up here during early spring vacation travel - ie: "spring break" - easter vacation (it will) - the Fed will be hard pressed to just take .25 - and .50 will lead to massive selling in financials.

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