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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SargeK who wrote (39972)3/15/1999 10:42:00 AM
From: Think4Yourself  Read Replies (3) of 95453
 
I agree it looks like a shakeout. hard down moves on small volume in the first half hour, followed by the sheep exiting. Good!

If I sell I will have tax problems. Since I am nowhere near a margin call, and since EVERYBODY agrees prices will be substantially higher in a year, think I'll go for the one year hold. A tripling of my investment is virtually guaranteed, and a quadruple is not unlikely. Where else in this market can I do that?? The problem is fighting the urge to trade. It is addictive and, for me, unprofitable.
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