Strictly: Drilling and oil-field services Message Board

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

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To: RGinPG who wrote (17545)	4/1/1998 7:48:00 PM
From: Chuzzlewit	Read Replies (1) of 95453

Ron, you missed out on a 4.5% move in the OSX. Big deal! Many of these stocks were down 40% or more from their highs just a few months ago. So now they're down only 35%. And who says the highest these stocks could go near-term is back to those same highs? I think the will go a lot higher. All we saw today was a little market spasm. The sector has yet to flex its muscles in a big way! Do your psyche a favor. Stop trying to outguess the beast. You got into this sector because you liked the fundamentals. So just stay long until you don't like the fundamentals anymore. You don't need to be adroit, and you don't need to be lucky. All you need is patience. That and an occasional martini. Regards, Paul

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