Strictly: Drilling and oil-field services Message Board

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

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To: The Ox who wrote (43573)	4/30/1999 10:11:00 AM
From: RealMuLan	Read Replies (1) of 95453

<<I think those who have traded out of their favorite OS stocks in the last couple of days have completely missed what's going on.>> Beg to differ. This really depends on which stock you have. In case of UTI, maybe others, you are right. But in case of FGI, trader was better off. I bought at 15, sold on Wed. close to 18, bought it back on Thur. at 17 and sold at 19.75. I think Monday will have another opportunity to buy it around 17, if not lower. This kind short-squeezed, or mo mo-supported rally will not last. Of course, just IMO. Disagreement does not bother me. And people have their own investment strategy. TO each his own. My strategy made me sold all the oil stocks in Oct. 1997 at their high, and this works fine for me. Better save than sorry.

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