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

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To: SJS who wrote (25339)7/8/1998 7:34:00 PM
From: JZGalt  Read Replies (2) of 95453
 
Steve,

As you can probably figure out, there is no real way to answer that question for another person. Assuming you have a diversified portfolio and want some exposure to the oil sector, then you are stuck with the dead money. I have quite a bit of my money in the large financial stocks, insurance stocks and drug stocks which have offset the volatility (and losses) in the semiconductor equipment makers, communications chip stocks and the oil patch.

My preference is to move money into the weaker sectors with the best long term prospects vs. trying to jump from hot sector to hot sector. Sometimes like today I come out on top with CCI jumping 7%, other days, I get a meltdown in things like ARQL and ASYT.

FWIW, I really like the concept that is used at this site:

securitytrader.com

and specifically the sector sort of analysis used in this link at the site:

securitytrader.com

In this weeks commentary, the Oil and Oil Service areas are just about ready to buy.

securitytrader.com

It's Point and Figure Analysis so buyer beware. ;-)

Your mileage may vary.
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