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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: TRINDY who wrote (1169)	12/10/1998 10:59:00 AM
From: Roebear	Read Replies (1) of 99985

Trindy, Ask me next December or so ..... I got out of oil stocks in early Aug except for one I should have, have done some trading with them since, but am currently legging into some long term holdings at these prices. Good companies cheap and getting cheaper. SLB, DO, ESV etc. The most important term is legging in, when bottom fishing don't use all the bait at once. The only thing that can mess up is the "D" words, Deflation/Depression. Then its all in the crapper for stocks anyway. What did Warren Buffet say in 74, "I feel like an oversexed guy who just walked into a harem" <g> You made a good move getting out when you did, but I think this sector deserves a look for the long term for those stout of heart. Roebear

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