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: waverider who wrote (21841)	5/12/1998 7:42:00 PM
From: rocklobster	Read Replies (2) of 95453

Diamond, My man, who says we bailed the thread? Just lurking in the shadows while we wait for the right moment to pounce. Looks like the OSX is coming right up on support along with some of our favorite drillers and services.. I'm ready to ride them back up again. This time on the long side<<<<gggg>>> The market looks ripe for a correction and I am all cash right now except for some longer term IRA holdings drillers no less. I betcha didn't think I did that long term thing? Well, Sometimes... It's interesting how everytime the OSX makes a new high, everyone thinks it's going straight up never to return.. It seems like Thean has been the most consistent in calling this ongoing trading range scenario along with RON's great charting . If I hadn't been in margin trouble on my last short on GLBL, I would have held the short and closed it out even or even slightly profitable. I didn't feel that we would go straight up but felt like last week we were getting the bimonthly sector rotation. I agree with RON now that it looks like a few more down days and then up again. BWDIK Later, Richard

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