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: DataBits who wrote (88465)	3/9/2001 6:45:15 PM
From: isopatch	Read Replies (2) of 95453

Well Data. We'll know one way or the other in a few weeks! Am about 50% cash after recent buys and sells. Scalped out of GLBL for a nice quick gain. IMHO, the biggest risks are in the large caps that are vulnerable to program selling during market meltdowns. Some of those critters will be great best buys, if we get another real washout in the market between now and month end. How about 1500 on the NAZ next week? Could you live with that the way you're currently positioned??? If not, you might want to set close mental sell stops on those recent tech buys to protect your capital. Remember Data, fund mgrs are going to under enormous pressure to SELL if we see any more broad market weakness. In a couple of weeks, it'll be time to "take the picture" of their end of quarter asset allocation. If they want to hang onto their jobs, they know full well they have to show they've dumped the weak stocks - TECH, and bought the strong stocks - ENERGY...OR raised their cash levels. IMHO leadership of the market is changing from tech to natural resources and defense. Good luck whatever you decide to do. Isopatch

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