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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Ox who wrote (42643)4/19/1999 3:00:00 PM
From: SliderOnTheBlack  Read Replies (5) of 95453
 
Big Dog; - time to fire up those Rig Party plans again !

...or, a 2 day Las Vegas Celebration for the thread....lets do it when we crack OSX 85 ! I know we could get Big Bull to do a little dance on the tables..

Michael Happel; you are singing to the choir on the E&P's, I actually still have 2 of my fav's that I am trying to ''work'' into here...will have very, very large positions. fwiw; as I ''still'' think too far too fast; I am hedging my strong possibility of being wrong; by making huge concentrated bets in just 3-4 small cap E&P's that have not out run any reasonable valuations and are my best personal researched ideas - with returns that I also think can still out pace the OSX from here.

''Anyone'' have any comments on if you would actually be a ''new'' buyer on a fresh entry into ANY of the OSX stocks here for an expected $2-3-4 ride ? - I again, step aside and concede to the proven technicians - as this is a technical oriented period right here. Recent history tells us that a 10-15% pullback is very, very possible and imho probable - not getting caught in that downdraft is entirely technically oriented - that is why my puckered, greedy - cash grubbing little butt has my profits in my little paws right here. Only buying micro-cap E&P's today... scared $hi!less of a retracement here - rotating on ''eggshells'' for lack of a better word...

Michael, I agree stocks like TCMS are certainly not over bought here - they are still out there - but, the damn list is getting shorter & shorter (VBG) !

I will however, be buying OSX stocks on a retracement here - RIG #1 & PGO #2 fwiw. RIG very arguably, still is NOT overpriced right here even on a purely fundamental basis - for newcomers - if you just ''have'' to buy right here - I be in RIG...

Guys; I am ''not'' trying to spread the rain on a sunny day, but FGI in the red and NE as well .... todays intra-day technicals may be ''THE" key reversal sign here - be CAREFULL - pleeeeeeze don't lose it all if you jumped on in the last few days, or this past week; take ''some'' profits here and enjoy - imho. If this ''red'' list starts growing - be schmart out there...

GaryB- MarcC et al - any intra-day read on technical reversal signs here today guys ?

Michael Happel - great idea - just use tight assed stop's here if you aren't realy wanting to sell - bingo ! - Unless one wants to very actively trade here, maybe only closing out say 1/3rd to 1/2 of a position and then using tight stops on the remaining 1/2 is the best comprosmise....
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