Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (24963)	1/7/2003 10:36:38 AM
From: longdong_63	Read Replies (1) of 36161

Frank...I have been building a large position in WHT. My horizon for that one is much longer term than ECO or GSS which I used to raise cash for more WHT. Around 80% of the position was already built around .92-.94 and I added 10% more at 1.15. I finished the position today at 1.05. I sold off others yesterday to raise more cash as well. I am more interested in completing my core first so I can focus on my traders as they demand a lot more attention on a daily basis. I am very comfortable with WHT longer term as I feel they are undervalued. I am only buying (scaling into) my core right now. Holding around 30-40% cash.

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