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

To: BigBull who wrote (47541)	7/8/1999 9:08:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Take the $Money & run ? sell this run up & wait for the earnings sell off to re-BUY ? .... okay; everyone has had time to ''calm down'' - sheesh; just throwing out some trading ideas and the "Oilpatch Girly-boy 7'' get all worked up (VBG).... I'm sure glad that all 7 of them don't have individual screen names... anyway - on topic: IMHO; which is just one little man's trading idea here: Sell the ''driller & service'' stocks into the strength of this run up. Get out prior to the earnings releases coming the next 2 weeks... I would start taking profits today and on ''any & all'' succeeding run up over the next week... - just ''MY" opinion. #1. the fundamentals of crude prices are super - but, there will be profit taking off of this breakout that looks immenient here; and the Street - both pit traders who will be taking profits and the refiners and actual crude consumers who want to buy crude cheaper... will short the breakout here. The trading ''technicals'' here - will over-ride the actual glowingly positive ''fundamentals'' - for the time being (only). This opens a very profitable rotation window imho - that will make ''traders'' big $. IMHO; this is a sell the ''pop'' opportunity for the drillers and service companies - and a chance to rotate into the E&P's which are ''actually'' raking in the dough here on the actual commodity price rise - versus the service/driller companies which are going to post negative #'s here in this earnings season. The earnings releases that are coming in the next 2 weeks are UGLY folks ! This is a ''CLASSIC" sell the ''pop'' opportunity ! ... and also, an opportunity to ''ROTATE" into the subsector of the oilpatch which actually has glowingly positive ''fundamentals'' - the E&P's. Thus; you still stay fully invested in the OILPATCH; but in the actual subsector that ''is'' benefiting by the crude oil run... I am not just pounding the table here; I am standing on the table - with the lampshade on my hand and doing a one-legged jig.... it ''IS" an E&P play imho ! The time will come to rotate and then overweight back into the OSX - driller/service stocks; but that time is NOT now - in this one man's opinion..... it will be when we break under 320 M boe in storage and when we strongly breakout over 135+ rigs at work in the GOM - trending toward 150 - and NOT untill. PS - obviously; buying and holding here is ''FINE" - I am talking ONLY about the idea exchange between - ''active traders'' here - period. People; this should be ''FUN'' - we are all making money here ! Let's exchange some trading ideas, philosophies, individual stock ideas - (Bull - thanks for RGO etc ) and not get our panties in a knot - when there is a ''little'' good -spirited reparte~ .... I allways label mine ''O/T''' and I did walk away - when it got a little out of hand ( 1 exchange is enough... the ''last rock'' syndrome is acknowledged as "NOT" being cool).... but, I can not just totally ignore the ''PP'' - ''Girly-boy 7'' - as the Beardstown Ladies they are not.....(VBG). MEXP ....'' last train to Clarksville time ''.... the train will soon be leaving the station... next stop $4, $6 ... Gone for the day - so, no ''last rock's'' coming....