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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Timelord who wrote (2107)10/14/1997 11:18:00 AM
From: bw   of 95453
 
This does seem to be an across the board correction that is occurring [well, duh]...I've been day-trading these stocks for the past year, and this works as far as locking-in profits as you go forward. Unfortunately, it also bought me the big weenie..since I thought that I was buying RIG yesterday on merely a "dip". Sold for a pretty substantial loss on this round, but the longer picture should still get better and opportunities will arise to make up today's loss. I still don't have the nerve to short this sector, as 24 hrs. could bring a dramatic turnaround, too...Margin trading has its rewards and retributions...another day, another driller!
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