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

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To: isopatch who wrote (90800)5/11/2001 10:45:10 AM
From: Frank Pembleton  Read Replies (1) of 95453
 
>>style is trading ST or whether you want to let your profits run

Funny thing happened on my way to the keyboard. I just finished having an "investment style" debate with a friend moments before this posting.

My style has been to aim for the sector that I believe to be undervalued and with a great outlook. Because of my inability to sell I tend to play cyclicals. My return to cash is always due to consolidation.

At the moment I'm throwing darts at the "late cycle"(as Roebear points out) service sector stock listings. There hasn't been much m/a activity, and sooner than later I'll be back to cash. :)

As for the golds, I will reestablish my position later this month, and yet again I will let consolidation return my position to cash.

As for ST trading style I'm not sure I have the stomach for it.

Thanks Iso

Regards
Frank P.
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