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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: drsvelte who wrote (15937)3/22/1998 7:56:00 PM
From: Lucretius  Read Replies (1) of 95453
 
Higher oil prices will also lengthen Asia's problems as fuel will now be that much more expensive (no $150 Nikes for them for a while (ggg))

I really do think this is the turnaround. I've said this several times before, but when you don't buy these stocks for their fundimentals and just hold, you end up outguessing yourself. Like I've said, we won't know that the turnaround has occured until it already has. Even now, when it appears quite apparant that these stocks are beginning a new uptrend w/ oil probably moving back to 16 this week and increased demand for cooling and driving hitting this summer, as well as a MUCH colder winter, many on this thread are debating whether to sell calls or even sell into strength tomorrow. I could be totally wrong, but I still say you hold your position and ride it up. we're going higher this time. No amount of TA or guesswork will help ya. You must have conviction. Good Luck!

-Lucretius
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