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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (43139)4/23/1999 3:35:00 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
I have sold 90% of my OSX holdings. Still expect much higher prices in time, but the stocks seem fully valued for the time being. Add the prospect of a big market drop sometime in the second half and I prefer to be on the sidelines for awhile.

Foe those who expect the market to continue soaring, best to remember than even in this greatest of bulls, the market dropped 10% in 1996 and 1997, and 20% during 1998. With the enormous gains in the indexes since last fall, does anybody really believe we will not have another big hit this year? And probably worse than 1998.
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