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To: r.edwards who wrote (48771)	8/3/1999 2:51:00 PM
From: ItsAllCyclical	Respond to of 95453

Agree on MEXP. Not only not enough volume, but not enough peaks and valleys in which to profit. For the most part MEXP has been climbing slowly. As far a trading stocks go MEXP is almost as bad as they come. As far as a buy and hold it's quite good. Slider will most likely miss some gains, but he'll sleep soundly.

To: r.edwards who wrote (48771)	8/3/1999 3:19:00 PM
From: stevedhu	Respond to of 95453

r.edwards, you say in reference to MEXP "News comes out on Aug. 10" What news and or what documentation or confirmable source do you have to back up this statement? Take Care Steve

To: r.edwards who wrote (48771)	8/3/1999 3:55:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

redwards ie: < TRADING .20 CENT MOVES ON MEXP, > ? ... not trading, or daytrading .20 cent moves; merely have moved in & out 3 times or so since the original blow off 1st of April - each being a decent % move. Best move was the original one - ie: --------------------------------------------------------------------------------------------------------- To: Rory Heiner (41451 ) From: SliderOnTheBlack Thursday, Apr 1 1999 11:30AM ET Reply # of 48774 Game for another one; MEXP - in large @ 5/8ths - 25 - 50% gimmie - watch... -------------------------------------------------------------------------------------------------------- Taking profits off of any major, quick moves in these E&P's such as MEXP CRK RRC etc. has been prudent for me personally. I bought the initial blow off in MEXP - I took profits quickly, kept some longterm ''zero cost basis'' shares in the longterm kitty - but, have moved in & out 2-3 times since. Those who bought the original blowoff and have held - kudo's. I've just seen major profits disappear totally in the Oilpatch - going back to the major OSX top & bottom cycles from last Sept to January... I will not watch a 30-40-50% profit retrace to a breakeven, or a loss - EVER again. I haven't been able to re-build my entire position in MEXP at all of late; took some off the table at this bounce through $3 - not because of MEXP's lack of outstanding expectations; but because I expected some softness sectorwise and MEXP moves with weak hands - this retraces with the sector quite often, as it has a lot of individual investor traders. A strong earnings report, or new refi news will bust it out... I may get caught not holding much (but I have my ear to the ground here - and don't think I'm gonna miss anything (VBG) - when the time comes). Many times I've sold some MEXP, or CRK off of nice toppy bounces - and then shortly thereafter was able to re-buy a stock like RRC with the proceeds on a major dip. This rotation back & forth between the individual E&P companies has worked very, very well for me. I'm not fixing what's not broke... this isn't that sophisticated of a trading model - but it has been real profitable. I've traded & rotated between CRK RRC HSE MEXP OEI XTO UPR - these are my fav's - I feel I have the pulse on these and follow & know them very well; also EEX BELW EPEX CWEI TEXP TMR PGEI ; did some early plays in AXAS BNP FEN etc. If I miss a major move in MEXP here as an example - I have no problem owning RRC below $6 - love the mid $5's, TEXP, TMR are cheap here - I'd have no problem moving the money there if I miss a MEXP breakout etc. , looking at EEE for a new play, like MLRC - allthough it is not a volatile trader, like VEI - no liquidity though, - but, still lots of opportunity here... as long as the list of rotation ideas is there - I never worry about missing any one stock on a breakout - there are others to take its place imho... ''aint'' in love with any of 'em ! MEXP is a tough one though - the bottom support looks strong here about $2 1/2ish - don't think we'll ever see $2 again; I haven't been able to re-build my position, bought some back in early July - sold most here; would like to buy at sub$2 1/2 ish - $2 5/8ths ish once again - would take profits again on a major 1-2 day spike through $3 if volume falls off... but; when they do announce a refi, or substantial upside drilling results - this is one that you may have to re-buy at $4+ and then play the run to $6... I actually still like CRK & RRC here the best, think HSE is the sleeper and like the trio of OEI XTO & UPR... I'm curious to see if PGEI breaks under $2 soon - not good news on the quarterly, no cap ex spending to develop their properties fast enough for most investors... I'll sit for a piece at $1 5/8ths - $1 7/8ths hopefully - this one may not wake up untill mid -late 2000.I'd just throw it in the drawer at that price and wait. good luck all - I've got 3 days & then gone.... have to fly into Paris - never been there - probably going to lose lots of $ on the currency exchanges coutnry to country... ''Euro's'' ? I didn't even think to buy just "Euro's'' - wonder if the local shops ''stick'' the Euro on the real exchange rate.... damn Canadians do that (VBG)... France, maybe Belgium, Austria and mainly going to be in Germany.... Big Bull; I'll see what I can dig up on the Euro front...