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


To: Gary Burton who wrote (51999)9/28/1999 12:12:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Gary, could you point out the end points for the 5-wave A? I was thinking last Friday could have been the end of wave A, with the move from Friday's low to yesterday's high a possible 3-wave B (and a very weak one).

Thanks.



To: Gary Burton who wrote (51999)9/28/1999 12:52:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
GaryB - OSX bottom between 60-72 ? C'Mon ~ in the era of laser guided smart bombs...

surely your EW's can be more accurate than that (VBG) ?

BOTTOMLINE: this is an "anomaly" - where the individual investor - the little fish gets to swallow the whale scenario.

I am not an industry insider; but I have made a few friends, some via phone & electronic mail... one whom I exchange comments with - whom agrees; never in the last 3+ years has the downside risk as opposed to the upside reward; EVER been better.

If you are EVER going to buy; the risk vs. reward has never been better imho.

We have turned back the hands of time here... gone back to feb-march - april price levels in many stocks... yet, we've seen global supply greatly reduced, global demand increase; commodity prices nearly double - up considerably from March - May levels... and we have FINALLY seen the absolute bottom and turning point for service & driller stocks.

We've had stocks like ESV an institutional fav' drop nearly 30% here from its recent pop.... buy that on margin & you have huge upside in merely returning to its recent high; which will only take another quarter, or two max - and ESV is a $30 stock - a double, and a "Home Run" on margin - in any recovery to a Boom 2000 environment.

Fund managers have got huge redememptions - managers are locking in ytd performance gains; guaranteeing lucrative bonuses etc...

We have virtually every advantage metric for the individual investor in our favor - and every disadvantage for the insitutional investor ... this is NIRVANNA !

Loading here - fully invested. Have a few more limit buys a bit lower here easing into margin use today; and will be fully margined at about another 5-7% lower from here on my 7-8 stocks here that I am buying.

Below that; I can meet any reasonable margin call - and will buy strictly "Call options".

This is a historic opportunity and I am not using that term loosely.

Truly historic....

I am buying here - but not chasing 1/8ths, or 1/2's, or even $1 moves down; I will set for a final buying barrage - going fully margined at a break of OSX 70ish.

Loving this..... the time for buying - equally, or even overweighting drillers & service has arrived !

C'Mon FLC - waiting at $11 15/16ths... for the monster mash... I know there are some big gains that can still be given back in FLC here...