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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Platter who wrote (4151)12/2/1997 10:23:00 AM
From: Platter  Read Replies (1) of 95453
 
Sector rotation will begin on this sector next week...."It seems we are in the pits now, but don't forget SECTOR rotation by those big funds ...they are gonna run up the TECHS, FIN, HEALTH etc for the next couple of weeks, and Lo and behold, suddenly bail out at the top and move into those oversold sectors (and guess which one that will be) completely ignoring whatever happens in Iraq, Opec...they (the anaylst will have to come up with a sudden excuse to upgrade)...I am speaking from experince I had with brokers and my own knowlege of what gones on in the board rooms....while the little guy works up himself into depression ...they would be dumping those stocks that are running up this week and ploughing the money into the beaten up stocks. The secret though is that they won't come out with the buys until a couple weeks from now ie after they have already made their purchases. Thats why I have spent the last 4 yrs doing the opposite of what they what me to do....Oh yes they were encouraging peolpe to buy CDG @ 80.00, PTEN @64.00 and so on only a few weeks ago when they were selling.....The smart investors were selling short then and the inexperienced ones were buying..now the opposite is happening....go read the thread those who were buying at the top are now selling and are afraid to buy, because the "brokers say so".... And who do you think was selling today and who do you think was buying?....FOOLS PARADISE!!!!When will they learn"

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