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

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To: rails99 who wrote (89929)4/11/2001 5:29:22 PM
From: isopatch  Read Replies (1) of 95453
 
Thx Rails. We have our moments(g)

Angle on REMC is that it's not the standard tech story. They also have a large defense biz with contracts tied into many major weapons systems. Good balance sheet, plenty of volume to get in and out on AND like the chart and TA for ST and eventually for longer holding periods once we get a good Intermediate bottom in this wild market.

Like CRZO, not sure how long I'll ride it on this trade. Just read the tape and try and stay on the right side of it on my trades.

My 3rd time around the track with it REMC, ytd. 2 for 2 so far with a scalp and a nice ST gain, so far.

Wish me luck, though. "Past performance is no guarantee of future results."

OT/As an old gov bond trader friend of mine was known to say, "I'd rather be lucky than smart"(G). Actually, the Dude was fortunate in both. Although his Dad didn't win, he was nominated for a Noble Prize in Chemistry. And Greg was a superb predator in the fixed income game.(G)

And I've got to admit a lot of what I've soaked up over the years has been due to the good fortune of having associated with a lot of very gifted players.

Isopatch
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