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: diana g who wrote (31454)	11/4/1998 10:02:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

"$trange Times'' in the Oilpatch - & don't fight it ... When there is no rhyme or reason - don't fight it; go with the flow, but be ready to exit at a moments notice... I'll take on the downside of the worst case scenario for an active trader here - getting caught in even a 10% 1 1/2 - 2-day blowoff - as long as we are on a run like this - with no end in sight; I see no reason to not ride this train for now; but profit taking will be key here shortly. On that I have no arguement. But, I see the ability to cherry pick the trends here. When we have another Fed Cut and the strong possibility of positive OPEC news forthcoming - and the Street buys on bad news - the odds are too good not to be ''in play''...

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