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

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To: jim_p who wrote (85424)	1/26/2001 12:31:42 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

jimp - give us a list of low PE,high cash & low debt techs ? ... curious as to what you like here ? COMS attracted me earlier in DEC, but I resisted (VBG) - played only FDRY for a bounce, did have some INTC - that traded basically flat here & a couple of 2 day flips; but I don't think I was ever more than 3-4% long in tech after often being 15-20% short tech - which paid very well. I' now squareed/netural; not long, or short anything in tech; but ADCT intrigues me; held thru the April-May NAZ crash last year like a rock & really got killed here - FDRY was cheap here on its blow off; but nothing much attracts me long in tech here... I'm playing coy for sub NAZ 2000 (VBG)... my best long trade in tech was when I went long the QQQ's as a prior day hedge as I closed out my shorts; I liked the QQQ's as I worry about too many sympathy selloffs ala ~ the PMCS story here...or, down -30% opens... Man; I'd be putting that DCB Tech money in the register here for the following reason - The story is simple in tech: Even those that are hitting estimates - CAN NOT OFFER ANY GUIDANCE FOR 2nd HALF 2001. And "that aint investing - that's gambling imho"... I think there is going to be a PLETHORA of PMCS-esque stories yet to come off of Q-1 tech earnings reporting... and I want to lower, or cancel my GTC order for $27 CSCO here (VBG). I look at the NAZ chart and still clearly see a Bear Trend; merely a 500pt up DCB soon to be followed by another 700pt downward stairstep trend imo...this looks & feels like the same thing we've seen since last fall. Euphoria briefly returns on the 500 point DCBs only to see the return of gloom & doom on the ensuing 700 point retraction and untill tech shows something fundamental; I wouldn't be buying based on Fed Cuts... Fed Cuts won't make Co's buy CSCO products & cut rate/0 % financing hasn't helped computer sales... ? I'm hoping some tech money rotates into the BTK as I am a "Big SHORT" on a rally to BTK 700-725. I think the BTK see's 400 before year end...still too speculative, too MO-MOish... I think 2001 is going to be a humbling market environment. The XAU will outperform the OSX, the XNG , the XOI, the DOW, the S&P and the NASDQ ...and we'll see the words "RECESSION" on the covers of Barrons, Newsweek & TIME by the end of summer....

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