SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Second_Titan who wrote (86507)2/6/2001 11:07:54 PM
From: excardog  Read Replies (1) of 95453
 
007

Not sure where I fit in on your bull/bear gas price senario here on the thread but I would like to clarify my position in that short term I'm leaning bearish on pricing longer term bullish. Even $4 natural gas is a lovely thing for producers but the price drop will affect stock prices in the short term.

If you are a long term holder things should work out nicely provided you own the right stocks. If you own a company that shoots a few blanks with the drill bit your going to take a hit.

I listened to Lee Raymond (EXXON for those that don't know) talk around earnings time and he was asked what he thought oil prices were going to do. His response " they will go up and down" he also said a month was along time in the oil business. So if a month is a long time it remains difficult to be a holder long term.

Conclusion for me is I trade. Not daily but more weekly to monthly. Why ride a 20% drop in portfolio value when stock commission rates are as low as they are today. I trade at Schwab which has one of the higher rates and can still move 5000 shares for $50.

An example of my bearishness is EOG nice earnings tonight but somebody just went from strong buy to hold:
biz.yahoo.com

So I remain a long term bull but shorter term mild bear. By month end or sooner may be 60 to 75% cash in my trading account.

Different strokes for different folks.

Best
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News