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: jim_p who wrote (70632)	8/9/2000 4:15:40 PM
From: isopatch	Read Replies (2) of 95453

Yes we might be due for a breather. Watch those two indices and to a lesser extent, the XOI. Since I'm heavy on the sm NG E&Ps, I look a bit more at the XNG. And we are definitely moving into some overhead congestion there. Just a guess, but could see some of the leaders start to roll over as the laggards play a little catch up. So, bailed on my CRZO a few minutes ago. Probably too early but wouldn't be the first OR the last time that happens<g>. But heck, 5 1/8 to 7 15/16 in less than 2 weeks is way beyond my usual performance, so am gonna take "the bird in hand" and consider myself lucky. Don't use any margin in my work. But from the recent low have held only a few percent cash. When I'm bullish, intermediate term, usually run with 10-15% cash. And looks to me that a bit more dry powder might be prudent for other reasons as well. Really appreciate your varied and thoughtful contributions on this thread. Hope I can offer something worthwhile from time to time. Glad I finally joined SI, a few weeks ago. Best Isopatch

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