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 (82676)	12/26/2000 1:43:41 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Anyone selling/profit taking "heavy" here ? Especially in E&P's... just curious. Also; is anyone "buying" anything in E&P's today - be honest ? No Monday Morning QB's on the selling/profit taking here ! ...lets hear it livetime...if we give it all back in 4-5 days; lets not hear all those after the fact - "glad I sold the pop" Pinocchioisms next week - roflamo ~ Anyone "shorting" anything here (VBG)? ...my "watch list" - put/short targets: "getting warmer"... APC $80 BRR $60 BR $60 COG $35 CRK $17-18 FST $35-40 HSE $50 - big time short...(it will be a 10 bagger here from where many of us first bought this little gem way back - great co, super pureplay on NG, but $50 ? for this cyclical at the alltime historic confluence of positive events/fundamentals ? - nah. LD $50 PXD $23-24 TMBR $40 XTO $35 ...these are cyclicals; they owe us money on both the upside & the downide. Personally, I think I like the risk vs reward in this market here on the downside shortly; better than I do on the upside; and there is just as much money made on the downside as the upside - only it's made even faster once we rollover at the top & we're close in the E&P's... very close. ...but; I am a strong buyer however of EEX (one of the few buys I made in last 2 weeks - just a moderate entry; I'll add strong at $4 1/2-$5 on a pullback)it's an old fav and Llano et al make this a strong risk vs. reward upside play - one of of the few left here. Some majors like P are also very reasonable imo... kind of a fragmented market here... ? OXY at $24 ? - you'd think OXY would be $35 here...compared to some others here... too Oily perhaps. PS: if the US economy does soft land and I am not saying it won't (just that I'm not betting heavy untill we know)... and we start the 2nd upleg to this oilpatc cycle... some real bargin/laggards still out there in service land... SCSWF ! WG PGO NR still very cheap/lagging and ole' FGH... Bankrupt, or a 5 bagger in 12-18 mos; which is it (VBG)? Tech not responding here with Tax Loss Selling over ? - not a good thing... Many DOW stocks getting pumped up way too far... rotation-flight to "perceived safety" in some food, beverage, drug stocks is irrational here imo... some financials too - great "put/shorts" imo due to credit quality...

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