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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: Gottfried who wrote (1470)9/12/1998 1:54:00 AM
From: upanddown  Read Replies (1) of 2005
 
stockdoctor, not to quibble, but long term thinking cost me the
gains I once had on several stocks.


Couldn't agree more, Gottfried. Anyone who thinks that semi equip or oil service stocks are just long term holds should take a look at the charts on those stocks and see if they really want to ride ESV from 47 to 10 and watch handsome profits turn into ugly losses. I think there are only a small number of stocks that fit the long-term hold category and very few are tech stocks or oil-service stocks. Everything else is just playing the up cycle and keeping tight stop losses.

Good luck,
John
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