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: John Carpenter who wrote (20833)	4/30/1998 8:24:00 AM
From: Bazmataz	Read Replies (4) of 95453

Not too much euphoria??? How long has it been since we had a contest to decide which of our stocks will hit new highs the earliest? Sorry, but that sounds like euphoria to me. If everyone is so sure these stocks will be hitting new highs shortly, why isn't everyone buying at these levels? IF everyone IS buying at these levels, then why weren't you all buying 20 or 30 or even 100 percent ago? If everyone's buying FGII now at 40-41ish, why wasn't everyone buying when it hit 25 or 26 just a month ago? My point is that there IS euphoria on this thread, and relating to what SandWedge was saying, many are probably buying at or near highs. The fact that everyone on this thread is pumping us up when last week we were all worried symbolizes a change in psychology. Maybe this is the time to sell or at least write CCs, but with the psychology on this thread, I'm not sure it's time to BUY. Baz P.S. Awhile back on the LSI thread (about 1.5 yrs ago) I suggested that someone analyze the threads to decide when to buy and sell stock. I did it three times with LSI Logic (not big money trades, but just to see how it would work) and made money every time. (Buy 27, Sell 46 then Buy 30 sell 38 then buy 21 sell 27). I'm wondering about testing that on this thread as well. I usually used words or phrases like "Go LSI GO!" or judged the number of exclamation marks (THREE !!! after a "GO" or "Yeah" or "Rocks" was a surefire sell signal.) Sorry about the tirade, but the psychology-side of things has always interested me (and worked best for me) compared to TA. Good luck to all, Baz

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