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: Crimson Ghost who wrote (78221)	11/8/2000 1:45:56 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

G Cole <Gold stocks getting decimated ...Not the slightest sign of a bottom. > ... George; we're still 5% above the bottom from a a couple of weeks ago - and there is NO alarming volume ? XAU 40-48 basing here is just fine... Lots of $/Euro - dollar support/ treasury changes, Greenspan in - out, or retired; speculation on the effects of the election results... But - bring 'em on down to about XAU 35 will ya (VBG). AEM - does look nice today - only thing I nibbled on (Roebear ? sub $5 !). Build positions - buy, but buy smart. FLC didn't go from $30 to $5 overnight and then wave a sign saying - it's the bottom, buy me, buy me ! - back in the old days of OSX 45-55 and $10 Oil in the fall of 1998. If one began accumulating at $8-9 down thru $5 - one did pretty damn well; did they not ? You didn't have to call the exact bottom; but if you selected an initial entry point that was at historic low valution multiples - let alone - alltime low shareprices; it becomes merely a bet on the death of OPEC/Oil and now Gold... Remember how negative it was here with $8 UPR, with $4 XTO with $16 BJS ? - now that was "Truly" decimated ; but now ? - 3,4, 5 baggers all... .... give me some more deja vu sentiment; because the types of returns I want & the contrarian positions I want to build; can't occur without the - "Ohhhhh the humanity" type of outcry... LSS reported today.... MVK sure looks like the undervalued/potential 3 bagger from here - posterchild... Can you imagine if we have to wait weeks/months for Florida results; especially if the re-count is contested ? .... doubt & delay is not good - no "honeymoon" rally in that environment... PS - I am in mourning for all New Yawkers today... may God have mercy upon your souls....Billary lives ~ the kid should appeared at the debate with a garlic necklace and used silved bullets & wooden stakes; he was not facing a human opponent (VBG).

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