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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: mph who wrote (14278)3/10/1998 6:12:00 PM
From: Chuzzlewit  Read Replies (1) of 95453
 
mph, I think your general approach makes a lot of sense. I've got a pretty well-diversified portfolio,and I've periodically rebalanced it by buying the drillers. I began about a year ago with VRC at $11, and since then I've added ESV and GLM, and increased my positions as I accumulated more cash. My general time horizon is forever in the view of many investors. Unless the fundamentals of a company show what I perceive to be a structural erosion I don't sell. I still own companies that I bought in the 60's, and T that I inherited (why pay taxes to sell it? -- someone once quipped to me that "capital gains is the only voluntary tax").

Regards,

Paul
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