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

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To: BigBull who wrote (89972)	4/14/2001 2:45:40 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Bullsky - good post & I agree that this Rally will fail... Personally; I agree with the Bullster on this one fwiw. We can allways agree to disagree & I don't think Bullsky's comments are comparable to the babble & drivel we get from the Chihuahua crowd whatsoever... If the NAZ rally continues here - so be it; I'll be wrong & those who see it's continuation will be right.... with one VERY BIG C-A-V-E-A-T ! - that being; that being "right" won't matter for 95% of Techies; since they're down 1900 points & only up 200 since September (VBG)~ and even IF the NAZ returns to 3500 here sometime soon; it won't matter either - because it's not as if this was a buy & hold environment for techies of late. Quite the contrary; as this has been an environment of capitulation & broker liquidation & margin call shakeouts. So, any pom-pom waving that may come - will be more than a day late & a few dollars short for 95% of Techies. Now; if someone walked in cold at the bottom of this Tech leg & went long - KUDO's - you did good... but; that's an entirely differnet trade and subject than the masses of tech investors who've called a bottom every 200 points down since NAZ 3500... for "them" - they are now working with pennies on the dollar - on what they once had & this, or even ANY future substantial rally is merely about "recouping" SOME loses - hardly any degree of victory, let alone ANYTHING to be celebrating about...and quite obviously so. Personally I don't see compelling value's "yet" in Tech, maybe a few, but nothing on a macro value basis, not even in any subsector niche's; but with the keyword being "yet" ... I just don't see any positive risk vs reward opportunity without ANY visibility of the fundamentals turning anytime soon. And buying into this rally before the rest of the Big Names report - especially Cisco; is more than a bit risky imho. But; if some see trading opps - so be it as well. On a Macro basis in Tech; I'd gladly give up a few hundred points for visibility & a tangible positive turn in fundamentals. Sure, the counter-trend rallies in a stil continuing Bear - "can" be traded; but quite obviously not with good odds & not by many... I'm becoming more involved on a daily basis with a business that I have an ownership stake in that is doing very well & I don't plan on trading the market on a daily basis, or posting daily either fwiw. These threads have degenerated of late for one very obvious reason: ... because lots & lots of people have lost tremendous amounts of money in this Bear Market. Hopefully "some" have learned , or benefitted from my voice, or that of others here that have been contrarians here in a sea of pom-pom waving cheerleaders who are NOT interested in hearing anything but good news and who do NOT want to be reminded of reality, or have their hands held to the fire... no; instead they want an environment of denial, fabrication & hypocrisy... and people have a way of getting what they want ... and sadly so ~

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