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: Tommaso who wrote (83066)	12/29/2000 5:21:59 PM
From: upanddown	Read Replies (2) of 95453

What the heck happened with UTI today? Up about a point in the last couple of minutes. I bought it in late October on weakness while looking for a good land driller but I sure wasn't expecting 70% in two months. One of those situations where I bought in my taxable account rather than tax-deferred. I probably would have sold for a 20-30% gain if there were no tax consequences but since the gain was taxable and I didn't need any more tax problems in 2000, I held. I hate to bring up painful memories (I'am as scarred as anyone) but a lot of the sell decisions in the last 21 months have been, uhhhhh, premature. My most painful has probably been - in CRK at 2 1/2 and out at 4 1/4. Still in my taxable CRK from 4 1/2. Reluctance to sell because of taxes is sometimes a blessing in disguise. Any other mea culpas out there? John

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