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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Post_Patrol who wrote (47453)	7/7/1999 3:28:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Post patrol...You never seem to recommend anything or make any predictions. You just slam Slider and always post after the fact messages about owning stocks at half their current value. I'll take the mouth vs your BS anyday...

To: Post_Patrol who wrote (47453)	7/7/1999 4:41:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

O/T PPatrol:CRK; < 4300 shares @ $2.32, should we have bought more?> ''Groupies'' now huh ??? Aint no groupies here - just equals - and you are the only ''Group of 7'' posting as one.... Sybil ring a bell <VBG> ? ...well you asked me... ahhh hemmm; I believe you said (claimed) that you were a group of ''7 longtime Oil Investors'' . If 7 people bought only 4300 shares/approx $10K of CRK as you ''claimed'' you did (the stock traded only for an hour on the morning of Feb 19th at that price during the last 12 months >>VBG<< you win the ''timing award ). Then my answer is ''NO"; you should NOT have bought more, in fact, you shouldn't even be buying individual stocks if you 7 "Wannabe Rainwaters'' (ROFLMAO) could only scrounge up enough pocket change to buy a measley-weasley $10K at that price !.... keep your money in a pass book savings account at an FDIC insured institution and run, Forrest run - from the stock market.... you are in way over your head(S)... You ''Magnificent 7 - Group of Longtime Oil Investors'' - can't carry the pocket change of the Beardstown Ladies .... $10K from 7 legendary Oilpatch shooters ? C'Mon.... .... one concept for you Post Patrol; P A S S B O O K - S A V I N G S A C C O U N T - no soup for you & no stock trading for you.... the ''Magnificent 7'' my ass.... Sell 10 shares and go to Barnes & Noble and buy the Beardstown Ladies book and put the rest in mutual funds.... you're obviously in over your heads.... :)))))))))) ... the mouth. _____ on a serious note; did anyone see the Oil Analyst from MSDW on CNBC yesterday ? MSDW is forecasting $3 mcf Nat Gas this fall !!!!!!!!! - run the numbers on what the leveraged small/mid caps will show with another 30% pop in nat gas prices ! Again; the Street is on record as saying they will #1 short a Crude Oil $20+ breakout - because; they know the battle between refiners - buyers of crude vs. pit traders; and they know there will be huge contract profit taking and they will ''pile on'' - shorting the breakout. Also, the breakout is immenient - and if it cooresponds to the poor earnings releases coming later this month - the OSX will get ''leaned on'' / shorted heavilly in what I think (and as others have pointed to here...) will be ''THE" time to load the boat (on E&P's and perhaps the OSX as well)... a shakeout to OSX 60-something seem inevitable given the downward earnings revisions nearly accross the board in the OSX stocks. - conversely; the E&P's are getting upgraded and they will show a quarter over quarter & year over year increases... they will reap the rewards of $20 crude & $3.00 Nat Gas immediately. Unfortunately; there is tremendous pressure on Big Oil to restrain Cap Ex spending yet.... it will open up; but not overnight here... the earnings, rig counts, dayrates, backlogs & new construction & service contract orders are no where near anything supporting a breakout to any new highs here.... Once again; for ''traders'' - this is a ''Year Maker'' opportunity to play the overweighting/rotation game into the E&P's now - selling on the spike (Nov-Dec.) and then rotating back into the OSX prior to the fundamentals of Rig counts & dayrates changing - as well as 2000 Cap Ex spending increases ... in addition to perhaps buying some option contracts (if so inclined) if we see a OSX 60-something shakeout here through the end of July earnings reporting season. I will be taking some E&P trading profits and making my first heavy call option entry into the driller/service stocks if we see the shakeout here... I see a mid 60ish OSX correction here off of poor earnings #'s - the bounce will be nice and options will be the play imho. This way I can stil maintain heavy E&P overweighting and still share in the OSX bounce...only on a leveraged basis. The OSX is NOT going anywhere fast - untill, sub 320 M boe in storage and 150 GOM rigs are at work - period. When we are trending near those 2 numbers - then return to an equal, or even an overweighting to the OSX - driller/service stocks imho - but, not untill.... for now - it is entirelly an E&P game - period ! .....PS; let's not take this tooooooooo seriously (are you listening Post Patrol Ladies ?).... we all have been ''makin bacon'' of late... why not throw around some trading ideas, philosophies etc.... It makes it fun, when you put it out there on the line imho.... why not have some fun... PS - anyone seen Sluggo/SargeK lately ? .... someone tell me he didn't find another Cityscape and lose it all again... :)