Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (15570)	7/11/2002 1:56:49 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

["And here I thought these PM nuts had all the cajones "] ...added some drug stocks - initial toe dips in MRK BMY, adding some airlines DAL, AMR and, added some EP. Not sure if it qualifies for "Cajone" territory however - as I'm now a whopping 18% long. OSX ready to fall thru the floor @ OSX 80 ? - and the chihuahua's were calling for a run to OSX 140 just a couple of months ago ....whodathunkit ? Around OSX 68-72...it'll be cheap/oversold for present fundamentals...almost there. I thought DOW 8500 would be held at all costs along with the dollar propped & gold whacked. I think the Drug index, Airline Index are at 5 year lows... Utilities close ? ...maybe we see DOW 6750 by 2004, maybe we don't... so you have to do some nibbling imho. Amaazing really - that some interesting names/sectors are now below the Black October 1998 meltdown level. Regan took us much deeeeeeeeeeeeeeeeeeeeeeeper into deficit spending than we are now.... ie: they've got lots & lots of ink & paper left to fight the fight....and Bush isn't about to let a little inflation via ramping money supply stand in the way of his re-election & Greenie aint going out without his legacy intact...he won't be the "Maestro" any longer if we head into 2003 in Bear territory. Goldbuggers & Bears got Fat... let's not get Greedy. Time to start scaling in imho.

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