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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (64434)4/13/2000 9:23:00 AM
From: Archie Meeties  Read Replies (1) of 95453
 
I pulled out last week and sat on the sidelines for the same reason. But I came back in with some laggards in this group as well as some cheapo canadian e&p's when I saw the strength of the buying in the OSX past two days. That and the support crude/ng has makes me less nervous about getting caught in a downdraft, although more weakness would just be reason to get into the non lagging stocks. Of all the sectors that can move against the NASDAQ, energy is the one. It stands in contrast to tech in terms of valuations and profitability.

I'm also still warm to gold/silver. Big cap tech is good for a "short and hold" strategy.
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