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To: Gary Burton who wrote (48888)	8/5/1999 1:27:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Now, this isn't short term thinking so those who are on an hourly schedule can pass on this post. If, as BigDog has been saying lately, we get boom 2000 in the oil patch, it's time to start buying for the long haul. Not to say that there won't be gyrations up and down, but IF we are headed to a boom 2000, it's time to start slowly adding to long term positions and change some of the day to day focus from a couple of % points to long term capital appreciation.

To: Gary Burton who wrote (48888)	8/5/1999 1:30:00 PM
From: double-plus-good	Read Replies (1) \| Respond to of 95453

Gary, I'm relying on a more traditional chart pattern which I believe shows a consolidation phase with a slight upward bias (call it a wedge if you like) that has now (perhaps not yet decisively) been broken to the upside. volume in many stocks is heavy, thereby appearing to confirm the breakout. I'm still 1/3 in service stocks which is well down from what had been an 80% weighting. I'm buying light but the chart appears pretty solid to me. FLC does trade sloppily. There still seems to be a war going on in that one. VTS also confuses me by its lack of participation. fwiw ++good

To: Gary Burton who wrote (48888)	8/5/1999 2:23:00 PM
From: SliderOnTheBlack	Respond to of 95453

Sell the Run Ups & Buy the Capitulation/Retracements - not reverse ! ... It's human nature to want to jump on the bandwagon as it goes by; but - it is so hard to be disciplined to only buy retracements & to sell into non fundamentally driven spikes. Now I would not necessarially be a seller today at all, not yet. - let the technical breakout makes it move... Will it be a supported breakout to a new trading range; say - OSX 80 -100 ? I do not think so - but a run to OSX 90ish could happen, then some profit taking... this is the $64 question here - do you sell the peak when the run here loses steam - or do you add to positions chasing the run up ? ... we all must make our own decisions; - chasing the OSX has NEVER been to schmart imho (VBG)... let the ''rotation'' players run us up here, then they will attract all the mo-mo & technical players; then ''WE" sell & take all their money ! In E&P land BR UPR KMG all up strongly on nice volume - the lg caps move first on the institutuional entries; then the mid caps - then the small caps. I think the E&P's run ''IS" fundamentally drive - thus, for real - may be a time to load up the E&P's; this could be the start of a concerted move in E&P's - I am not sold on the OSX run - definitely not on chasing anything, or especially being a buyer of the high flyers.. maybe buy the FLC, GLBL, HOFF, FGI/HLX, VRC laggard plays perhaps; as if this is the real deal - you are still safe, but to chase PKD, NBR, DO, off of their moves here and the other mo - mo fav's; I aint so sure that's too smart... these will get some selling shortly imho. Time will tell - the E&P run I believe is for real.... regardless - crude & gas looking good & a NEW High for the OSX ! PS GaryB; .... Solar Eclipse ? (VBG).