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 (64207)	4/10/2000 4:46:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Yes; Postal - from a trading/buying opportunity - missed; standpoint - you did miss the train... Many of those buying opps we allready sold and get to re-buy once again here. I've sold & bought back a few of late, but for your sake; don't get caught on a breakout off of good API's if seen - and be faced with buying into a ramping OSX at 115 again (VBG). Fool you once - shame on the OSX, fool you twice - shame on you... Bottomline; you've gotta be buying "into" this pullback - to sit and wait to make your first buy at a magical target of OSX 85 - only to watch yet another turn on a dime rally back thru OSX 115 accomplishes nothing... At this point of the cycle - you have to buy/average into pullbacks and sell/take profits the same way. If you wait for "magical targets" to either sell, or buy - you miss entire moves imho. It doesn't matter if Postal is right, or wrong - or where the exact bottom of the OSX is - if you average into the pullback - ie: buying HAL at $38, $36, $34 versus waiting for OSX 85 and $34 HAL to make your first buy. - What happens if the OSX bottoms at 88 intra-day and HAL at $35 and you miss the entire opportunity ? - average in and start now ! Just respect the "possibility" of OSX 85 - average in and margin to say .45-.50% maintenance levels at OSX 95ish and you still won't be "called out" on a further pullback of 10% to OSX 85ish - allways give yourself another 10%ish room/cushion imho - because; someday Postal may be right for once(VBG) ~

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