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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: chowder who wrote (80424)11/30/2000 4:07:18 PM
From: isopatch  Read Replies (1) of 95453
 
Dabum. Interrupt it, but not stop it. Forget the details too<G>.

What we have right now looks like a "flight or fight" hormone market. With a seesaw battle going on over which emotion will prevail for more than a day or three<g>.
Wild intraday wipsaws like today may occur repeatedly in the next few days.

Excellent environment for day traders and scalpers.

Maybe I'm too complacent sitting here only with large positions in HGT and a few sm E&Ps (plus a few sm positions), along with a mountain of cash.

On the one hand don't celebrate seeing many folks here get hammered in the past few months. On the other, recent weeks have been the most exciting market sandbox I've had a chance to play in since 87' although this really reminds me more of 73-74' or 81-82' than 87'.

Best

Iso
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