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: Razorbak who wrote (86566)	2/7/2001 3:37:54 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Cisco - on a serious note... You have to "average" in on the Gorilla's & King's on days like these imo... especially given the volume and given the 2 Fed Cut's at our back & another one - a given & sitting in the pipe. There is STILL - one hell of a lot of money in this market and the Cisco Story is far, far, from being done... In the OCt 98 crash - I picked up some great names; but sold way, way, way too soon... dumped all my tech on the DCB. Not this time; I am determined to walk away with at least a 15-25%ish LongTerm core hold portfolio of the CSCO INTC ORCL SUNW's etc after flipping some trades. December's 2nd & 3rd tier blow off didn't appeal to me from a risk vs reward standpoint - but; now - here; we have the Fed in the game, we've got a tax cut in the works; we've seen the numbers; heard the guidance and now - it's shopping time. Patience will surely pay off; but you have to be nibbling here imo - have to be... even with a 1850ish NAZ capitulation bottom - one isn't going to be hurt LT with $30 CSCO - aint no possible way...2nd highest volume for an issue - ever; shame on anyone who wants out - who isn't... this SOB will be $45 again; sooner than anyone thinks - just watch... Too much money & the Fed will print & buy our way out of this downturn... Someone run PGO thru $12 so I can keep de-levering and peeling off shares ea $1 up; because it's going to tech.... I did get stopped out to just 17.5% Gold's here at XAU 48 on the pullback from 52 along with some trading targets hit on KRY and a couple of small caps. But all this talk of India's lost jewelry demand from the Earthquake & the over-reaction to some new hedging is an opp... Gold has presented some great trading opps - first the names - NEM, HM et al - bounced 50% off their bottoms; then the small caps ran 40-60%; then we had the rotation opp to the Silvers as SIL & PAAS came in - we got to flip that on a 25-30% move & now we get NEM & HM coming back in.... I'm looking at "Calls" now for NEM & HM on any & all further weakness and look to buy back some TVS & KRY that I took profits on earlier. I mentioned earlier that technically a double-bottom re-test of XAU 42ish is in order & we might get it here & I'll be back to 30-35%ish Gold/Silver/Copper as it I love these fundamentally & technically - production being shut in, weak co's financially falling by the wayside... similar to the Oil collapse to $10 in 1998. PS: ... I have sinned - bought my Cisco and I couldn't resist sticking a toe into the water on PMCS.... allways have done well with VTSS & PMCS & now PMCS is cheaper than VTSS for the first time in quite a while... "Hit Me" - I'm in ~ NTAP is tempting; but EMC seems to have emerged even stronger in the space... NTAP at a new low & EMC still $12 from its low... I'll wait on EMC & probably miss it... INTC - I will NOT buy over $30 & may miss it as well... Tempting, tempting... still just 15-18%% Tech and want to ultimately be - 30-35%ish as the OSX moves to new highs - I'll rotate out of oils on strength and into all further "Gorilla & King" Tech weakness...

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