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: NucTrader who wrote (22969)	5/28/1998 12:33:00 PM
From: rocklobster	Read Replies (2) of 95453

OSX rallying,..... But, has made a lower low every day for 9 consecutive days. Shorts will short the hell out of any osx rally until there is some reason not to like news from OPEC, draws on crude, crude price rally. My opinion is shorting rallys is a much safer strategy right now. Be nimble though. I have discovered that I am not a daytrader. I don't have the discipline to act quickly.. When my stock is going up, I always hold on waiting for more and often watch my gains evaporate. When stock is going down. I always want to hope it will come back just a little. Then when it does, I think ,..... Well maybe it will keep going up, and then it drops again and I don't want to sell at a loss so I just ride it down further. Eventually, It drops dramatically and I sell out in dispair taking a huge loss, only to watch it rebound. I am leaning more towards position trading for short to intermediate term hold. This stock market game is extremely humbling for a newbie (8 months) like me. Later, Richard

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