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: hitsoft17 who wrote (92024)	7/6/2001 8:37:18 PM
From: Roebear	Read Replies (2) of 95453

hitsoft17, I agree with George Cole that a bounce here is possible. Charts are promising in the OSX at these levels. However, the broader indices are likely to have unknowable effects on any OSX rally. Plus the extent of the economic slowdown world wide is limiting to the OSX upside and in this I agree (finally, but I usually come around, ggg) with Slider. How extensive this slowdown will be is not clear, but the prospects seem daunting. Another very sage trader who posts on this board once told me "sometimes to win you have to not play". Except for some moderate gold positions (and an eagle eye for buy points that could happen) and even smaller OSX positions in a favorite or two, I am maintaining a high cash profile and this is convenient also on a personal basis also as I move some cash and long term funds around to facilitate better future trading agility and money management. So for me it is a good time to "not play", but to watch and get ready. Best Regards, Roebear

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