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: isopatch who wrote (81687)	12/14/2000 11:34:32 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

<< JMVVHO, but I smell fear building on the broad market tape >> Ditto that... count me in the register ringing crowd - I was hoping for an OSX 100 to 120/125 bounce; out at 110 with what I bought at OSX 100 - made a nice little pop in MRL from $20-$24, which was the bulk of what I bought. The market just "aint" participating - we've disconnected from Commodity prices AND frontline activity & Nancy Tengler on CNBC is the posterchild non-specialist institutional energy investor; with her quote of - "why own energy; with these prices - they've done nothing !" ... kind of says it all. Can you say "D-I-S-C-O-N-N-E-C-T ? I don't think there is a high reward - low risk opportunity on the horizon before Feb-March; or unless we see a true capitulation blow off to the OSX 80's... In the broad market: Fed Ex - warning ?!?!?!?! - ouch ~ hello Xmas retail reality... I own 45% Gold/Silver Stocks & 5% Oilpatch "calls" - no shorts (yet) and 50% cash .... and I'm going Xmas Shopping and I don't care what the tape does.... see you all in Jan-March for the last potential "hurrah" Oilpatch rally...in the mean time - Got Gold & Silver ? Ciao ~

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