SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard D who wrote (26931)8/3/1998 6:54:00 PM
From: The Ox  Read Replies (2) of 95453
 
Thanks Richard D,
I feel very light! I have moved my port to 50/50 cash/equity from over 95% invested earlier this year. I don't think the bull-run is over like some, but I do strongly feel that between now and the end of October there will be some serious blood letting.

I currently subscribe to the theory that I want as much cash available if the market hiccups. If we get through the next few months without a major incident, I will probably have missed only a small opportunity in the grand scheme of things.

I guess the wording of my post must have read too strong as I didn't mean to make you defensive. I just feel that the Oil services sector has given little to no indication of a turn around. Day after day of 3 to 6% drops followed by 1 percent bounces keeps me in the "bear" camp with respect to this sector. I have a feeling that too many on this thread simply compare the current price to the 52 week high and say "WOW, what a bargain" as if that's all it takes to be successful in the stock market!!

My post was submitted with the best intentions. I truly believe it is too early to be buying most of the stocks in this sector.

....and you are absolutely correct! Your odds are a billion times better buying stocks in this sector then playing Powerball! Lotteries were invented for people who don't understand (or failed) math.

Best of luck to all,
Michael
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News