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: SliderOnTheBlack who wrote (66495)	5/18/2000 1:37:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Laggards such as KEG, UFAB, PKD and HOFF holding up well today. However, I raised some cash just in case we get some good values with the OSX selloff. Now about 10% cash (the highest I've been in a year). Bring on the correction because I would love to load up again. I'm still very bullish long term and I don't plan on timing every single move, but I will protect my gains here ahead of the OPEC meeting in June and lofty valuations in OSX leaders. Sold most of my calls for safety and liquidity. The lagging small cap E&P's should weather any OSX, XNG, overall market correction pretty well imho. Not a bad place to hide out until the storm blows over. The only problem is liquidity if you want to exit. EEX and EEE are my main small cap E&P plays right now. EPEX looks good too.

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