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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (28440)8/27/1998 11:14:00 AM
From: Snowshoe  Read Replies (2) of 95453
 
>>I really feel sorry for those who made fundamentally sound, intelligent buys here and were on margin or had options; because the losses are 60-80% of total portfolios...<<

Slider,

When are you going to get it? There were plenty of warnings on this thread about the dangers facing this sector. Using margin to make a major bet on a tiny sector like the OSX is NEVER fundamentally sound, except perhaps for a day trade with a tight stop.

-Greg
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