Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (8987)	3/7/2002 1:47:01 AM
From: t4texas	Read Replies (1) of 36161

yes, the basic economy Looks pretty good, but that is why the market has gone up nicely since september. i would caution that this move may not last more than another week or three. that is plenty of time imo. i have plenty of stocks still, but i had more last week. i am selling stuff off as happy buyers show up to lighten my load. except for some gold miners and some laggard osx, i will be (almost) perfectly happy to be in cash in a week or two. i will trade and trade often if i get some pullbacks, but the djia may be only 500 to 600 points from petering out -- if it has that much left. if this market moves higher, interest rates are going up. that is negativo for the interest rate sensitive stocks. so i still think the good fight for me will be pullbacks in the basic metals and commodity cyclical stocks that i have been progressively selling.

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