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


To: Ross who wrote (48492)7/27/1999 8:53:00 PM
From: cherrypitter  Read Replies (3) | Respond to of 95453
 
All: This evening, and tomorrow at the open, will be a time for some soul searching on my part.

I just checked some charts and they confirmed my suspicions; since May 1st this has been a dead sector! Even with improved energy prices our favorite E&Ps are 6 months away from making a profit.Ditto and more for the drillers. When the run up begins for real, we will all have time to get aboard.

As for me , I think I will take advantage of any pop tomorrow to lighten the portfolio. Thirty percent in energy is way to much. When this sector takes off, and I am sure it will, I have to believe it will be the larger caps that make the sustained moves.

Hey guys and gals, we are just selling and buying among ourselves here! Who was it that said we can move the market thru our postings on SI and Yahoo? I believe it!

Venting, Rich