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: AltLar who wrote (86636)2/8/2001 11:54:11 AM
From: isopatch  Read Replies (2) of 95453
 
Larry. On LOILY's correction:

It's not unusual for an quick explosive up spike such as that one to retrace most of the move. Picked that up from Don W. a couple of years ago. The big Intermediate Term moves usually develop gradually on a string of more modest daily gains with lots of backing and filling. This prevents sentiment from getting to bullish extremes too quickly.

Was looking for support in the 2 1/2 to 5/8 area. But it has dipped under that and probably enabled the MMs run some sell stops(g). This is just part of the game and people shouldn't get upset about it.

Was tempted to trade out of part of my position in the upper 2s but didn't. Trade some positions actively. Others, such as HGT, EEE, LOILY, NTG and RTN.B, prefer to hold for longer Intermediate or even Long Term appreciation. Phillips' the latest buy in that catagory.

Am content to be patient with LOILY. Doubt it will happen. But if it returns to the very lo 2s (say on the chance that the onshore Albanian well is a duster?) will add to the position as I did at 2.175 in January.

LOILY has a great deal of unrealized LT value IMHO. Should be an easy double from the mid-2s and probably a lot more than that.

Cheers

Iso
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