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: rocklobster who wrote (21901)	5/12/1998 9:02:00 PM
From: waverider	Read Replies (4) of 95453

Glad your back postin'. I wasn't specifically referring to you though. There are several frequent posters who left our thread possibly because they were tired of having to justify their trading strategies to some of us long term players...who wouldn't leave 'em alone. Guess they didn't like opinions contrary to theirs. Too bad. Honest discussion helps everyone. It is just a matter of perspective. I don't try to time the market and basically ignore daily movements. I buy good companies and hold 'em. Hopefully buying at a fair price. Helps prevent ulcers. That said, I enjoy playing options for my genetically based gambling gene...which are pure trading vehicles to be sure. I'll also dip into my margin big time when I see unjustified drops in my favorite stocks...to be held until I gain a comfortable profit (or until things get dicey). With Ron's charts and my own gut instincts I too have decided to pull in those margin and option positions so I can sleep at night. If we have a pull back, I'll jump back in for another ride up. Short term risk at the moment seems to be holding rather than standing by the sidelines. Concerning Thean, you're right on. The dude has an excellent record and I too miss his posts. It's unfortunate he couldn't handle the heat over here. Having lurked and posted on many other threads, this particular problem seems endemic on SI. Someone states a position and someone else disagrees. If the parties involved can't put internet conversation where it belongs (with a very large grain of salt), their egos get bruised and they either bail or start saying nasty things to each other. If you want to check out a mud fight go to the CCSI thread. What a nightmare. The QCOM thread is very civil. This probably has to do with the fact that many of us have met and most are long term holders of the stock. No trader vs. holder debates. I've seen traders come and go many times (or get pissed) on internet groups because they probably don't feel they get the respect they deserve or are easily offended when someone starts debating the long term strategy thing. Same with TA/FA. Wish everyone would just mellow out, accept differences of opinion and not run off with their ball if they get mad. BTW, whatcha thinkin' of buying when the dip hits? Do you have any targets? <H>

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