CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Bruce A. Brotnov who wrote (4278)	2/8/1999 12:13:00 AM
From: Carl Worth	Read Replies (1) of 6445

Bruce- The more I look into the energy stocks, the less enthused I become. I like the way the charts of the bigger players look, but clearly the fundamentals do not look good at this point. The thing I wonder about is whether just about any possible bad news (other than cars that run on water) has been discounted in these stocks. It's hard to imagine oil staying at $10 to 12 a barrel for a long time. Right now I'm not too eager to jump into anything, so if I did play one or two of these, it would be with a tight stop. I'd be more likely to go into smaller stocks that haven't participated yet where the risk is low and holding is more comfortable if we do get a downturn. Otherwise, cash is fine for now. :) Carl

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