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 (80596)	12/5/2000 2:24:24 PM
From: stsimon	Read Replies (1) of 95453

No question that your call in August was absolutely correct. I just didn't see the same level of pullback as in 1997. I would be very surprised of we don't rally to new highs on the OSX in Q1. You are also correct that these are not buy-and-hold growth stocks. I'm not saying that timing is unimportant, just that this pullback is likely to be less severe than 1997 and that I'm prepared to ride it out rather than pay the taxes. If I felt it was going to be as bad as 1997 I would have sold too. You could well turn out to be right that it would have been smarter to have sold in August, but that's what makes markets.

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