Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BigBull who wrote (52319)	10/3/1999 12:48:00 PM
From: Gary Burton	Respond to of 95453

BB--Well, I sort of look at it this way--when one makes a forecast in a relatively detailed way etc for all to see, one obviously runs the risk of being either wrong or early (I was too early) and therefore made to look, in public shall we say, 'foolish' in retrospect... But, none of that bothers me in the slightest, as I do this for fun and don't really care whether I look wrong to others or not. I simply get up the next day and keep reading my charts as I see them and move on. I still stick with the EW system,and as least I can say that I have a strategy. It may not appear to some at times to be a good strategy but it has served me well over time so I stick with it. When X says 'it's going up' and Y says 'its going up to 20ish within 2 months, between the 2 of them, has X really provided any value added here? And if there are 10 such X's and only the one Y, does anyone else really gain any insight from the non-specific forecasts of the X's? enough already, I'm already close enough on FGI to be able to declare "victory" anyway (vvbg)-sure hope it blips up to say 10.75-11ish and then prints one more low at or below 9.88 though, as that way my EWwsquiggles wwould tell me it's done-heck, I might not even buy it then though as maybe other osx stocks might snap back faster. we will have to see. I'm still 84% in cash at the moment but may be down to say 50% within 2 weeks, depending. I just need to see a C wave being completed in the osx issues that give my software some signals that the lows are in on the retrace. So far, we're not yet there as I see it at the moment. As, Slider says, I wanna take the dessert too.

To: BigBull who wrote (52319)	10/4/1999 1:09:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

To Big Bull - my all Star pick for "Monday Morning QB" ! Ohhhh Bull; there you go again.... <<Gee Gary, you may even make a spectacular comeback after blowing it on the OSX run to 90>> Now you're needling Gary B ? Bull; correct me, if I am wrong; but - I didn't see you anywhere last tuesday... correct me if I missed your post; I did quit reading some of yours after you labeled me persona non gratia etc...(VBG). It didn't take much of a prognostication to predict your absence last tuesday on the blowoff of the OSX. No - that would put you on the spot... you'd have to make a call like GaryB did. No - much, much easier coming back days later after the smoke has cleared and waving the flag of victory after hiding in your foxhole untill the smoke of battle cleared (ROFLMAO)! <<There were some yummy profits to be had for the "fully invested" like me. Wow!>> hmmmmm; "fully invested" - yes, it appears you were; but how that was of any benefit to your portfolio; I don't see... re: =========================================================== <<<<To: Harold S. who wrote (50544) From: BigBull Tuesday, Sep 7 1999 4:15PM ET Reply # of 52344 I'm already in FGI and plan to hold till 35. Tryin' to buy VRC in a 11.5 - 13 zone. Looking for a fairly quick move to twenty. Got a little today. Any body else gettin on the VRC 40 train? It is against the rules of nature for a bull market in OS to happen without Swamp Bull owning VRC. Est ist streng verboten! <g> To: Rory Heiner who wrote (49071) From: BigBull Monday, Aug 9 1999 3:23PM ET Reply # of 52344 RRC - I'm in! Shoulda not been flappin' my gums with Slider, I coulda had 5.5. Had to settle for 9 teenies. Greed is good! <g>>> =========================================================== Well Bull;- where I stand holding FGI from $18 to $10 was hardly "trying too hard" - more like missing the boat. I fail to see how being fully invested, helped you here ? If you had sold in late August to early September - you'd be 30%+ ahead; not 30%+ down; since you were long FGI at $13+ per your post. Also; jumping on the RRC train at $5 9/16ths hasn't been the best move; unless you reacted to the tape; or are willing to sit tight & quit trying too hard (VBG). Bull; just keep doing what you do best... waving those pom -poms when the hometeam scores and the crowd is cheering. But; take a look around; because I would not be waving those FGI pom-poms quite yet... and from your old FGI posts; you've got quite a ways to go; just to get above water... I think 'ole Gary and a few others have done pretty well without "trying too hard"... Bull; as you are now clearly on record as being a critic of mine; I'll take satisfaction in my record here: =========================================================== To: BigBull who wrote (49072) From: SliderOnTheBlack Monday, Aug 9 1999 4:01PM ET Reply # of 52344 <<....Don't get caught in the Big Oil - Cap Ex/Crude price enigma here - Sell the OSX runs - play these trading ranges - we have CONTINUALLY moved in 'TRADING RANGES" here in the 'patch - sell the tops - buy the bottoms - and do be buying & selling them - cause the 'trading range' game isn't ending anytime soon - use those profits and buy Gas ! If this aint an OSX 'trading' top here (and we are talking - trading here) - it's 'smelling awfully close' to one...>> ------------------------------------------------------------ * I called for selling into a "toppish" OSX; on Monday Aug 9th - much to the boo's of the rest of the Bulls on this thread; the OSX ramped that day from Osx 84 to OSX 89 - was I close ? It topped the next day at 90.43 before blowing off bigtime... 204.71.198.40:443/939046759470?User=demo&Pswd=demo&DataType=DATA&Interval=0&Symbol=OSX.X&Interval=D&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10 That was a my "Top" call per my mantra of "playing the trading ranges". I think the problem with the critics here & on Yahoo is they hear the "buy signal" - but emotionally tune out the sell/profit taking call; then come back whining that someone pumped & dumped... WRONG ! someone bought low and sold high... hardly an original concept, nor a difficult one to grasp. ------------------------------------------------------------ Here was my "bottom" call on buying with abandon. As far as "anyone" trying to hard... or, someone "missing" anything... I think the complete & total "ABSENCE" of some of this threads most notorius "monday morning quarterbacks"(who many realize are just cheerleaders) on this past Tuesdays OSX meltdown - spoke volumes... some have sterling track records of silence during turmoil; only to emerge days later claiming victory (VBG)... Message 11383840 <...To: marc chatman who wrote (51981) From: SliderOnTheBlack Tuesday, Sep 28 1999 11:50AM ET Reply # of 52346 BUYING w/ ABANDON: ESV GLBL OEI MDR ....OPPORTUNITY isn't just knocking - it's flopping at our doorstep ! -------------------------------------------------------- Bottomline: didn't see too many calling for selling into OSX 90 and didn't see too many climbing on top of the table and calling for buying last tuesdays meltdown.... and the Bull wasn't there either time... So as far as the monday morning quarterbacks; who are notoriously absent in times of turmoil; now coming out doing their very predictable preaching.... I'll just say - "ho hum"... My point is not to pat my own back; that's irrelevant... the OSX has traded in "ranges"; they have been clearly definable, not at all unpredictable and some of us have continually nailed 75% to nearly all of the ranges of late. During these blowoffs when taking profits; the continual list of "Rotation" Trading opportunities in individual stocks is the real story - actually has been more profitable than the runs of the trading range legs actually. But; even those individual trades get the spin doctoring criticism...I keep getting the peanut gallery harping on RRC, or MEXP; let me point out a couple of things about trading. Go back to April 1st on this thread. I led the charge buy MEXP at 5/8ths - yes; .62 cents. Then more recently I said sell the morning of the blowoff of 20% by noon (acknowledging that I had been out of the stock) and got to buy back in at $1 3/4's - 7/8ths. I sold into the move once again; and now am just in a neutral - hold mode; neither selling , or buying due to the evaportation of volume. I can neither buy, nor sell in volume. So buying here - sub $2 which I would do; simply gives me an inadequate exit on the inevitable pop to $3-$4. So I bought OEI GLBL PXD UPR on this recent blowoff instead; along with EEX as my trading play. I've been in MEXP at "the exact bottoms" - even been alleged to have created them... quite frankly; recognizing them, is much more important than "creating" them imho; and I have allways trimmed into each & every MEXP rally; because it certainly trades in waves, led by impatient quick-buck money; who sell if they don't get their quick pop as expected. So as far as blowing a call on MEXP ? Hardly - YTD still over a double... ============================================================ As far as RRC; go back on this thread to the very day RRC hit $7 - up 14% intraday; up 40% from sub $5 to $7 in just 8 trading days; I was there; and I sold the exact day it topped at $7. Message 10318898 <<To: BigBull who wrote (47015) From: SliderOnTheBlack Tuesday, Jun 29 1999 3:15PM ET Reply # of 52346 ...My nose is twitching again.... I have dumped all service companies other than PGO/VTS ...I am taking profits - sold RRC today, sold AOL a trader from the selloff and some other OSX stocks. I am raising cash to make a more leveraged plunge than anytime of late. I will buy some options off of any substantial selloff here. Especially some E&P's and I like DO options on an OSX selloff - maybe the index itself. I sold all HLX,FGI, GIFI, and even took profits on *RRC at $7 - a nice run from mid $3's.... $7 was the target for too many Institutions - still room to run, but I see profit taking off this move here - I got a near double in the bank. >> ------------------------------------------------------------ ... there was a time to be long FGI/HLX; but it hasn't been lately (VBG)and there was also, a time go get out - few saw it. Posted my RRC selling back then - and once again, to the boo's and calls that I someone turned and sold after leading the pack into RRC... I had bought RRC here again on the expectations of a pop into the Q3 reporting period and the closing of the JV. I sold/trimmed a bit of RRC as other idividual trading opps occurred. People paniced dumped RRC on its blow off; said I blew the RRC call etc... Actually; I sold 2/3rd of my recent RRC for better opps short term elsewhere; then rotated back into RRC at $4 1/8 on the bottom of the retrace and sold some again into the $5 spike; I have not lost money on RRC; mad a ton earlier - a near double; made a bit here of late; and am sitting patiently having not given up on the RRC "Story" at all with my remainig shares; just adjusted my timing as the entire sector has sold off and all Nat Gas Stocks including sector leader BR are waffling here as the market doubts the "nat gas" story.... Instead of whining about the delay in RRC popping; I trimmed into the initial strength, rebought at the bottom; positioning my cost basis even lower; and used some former RRC $ to buy more crude oil balanced E&P's like OEI UPR & PXD on this recent blowoff... You can't trade and just stand their like a zombie... then complain because something hasn't popped; either be nimble and take advantage of other simultaneous situations; or be patient... no ones missed, or blown anything in RRC yet... just lots of whining the way I see it... for example; has TMR gone through the roof of late (VBG)...? Bottomline; to a great extent; many on this thread didn't know an E&P from the A&P 5 months ago; I'll stand by my calls and my ideas on trading the ranges, rotating between the subsectors; selling into spikes; Rotating into laggrads & individual trading opps with the profits - and above all, my overall timing. All this sniveling, whiney-assed, monday morning quarterback-critic, ankle-biting cheap shot BS of late; gets a little tiring. But, quite frankly by selling into these quick spikes - that have proven time & time again to be tops; and by buying headlong into the retracements; of which this last one presented the best "timing" and fundamentals to value - risk vs. reward ratios's yet; it really has been hard to lose money quite honestly... I've missed a few Rory; but not many; and most importantly - haven't missed "ANY" of the big trades... and I sure as hell didn't "just now" notice the short interest in FGI... been long FGI, been short FGI and been neutral FGI; knowing the difference of when to be so; has been very profitable... On FGI; never have so many, been so wrong. I will rest my case on FGI here; I've made my point, Big Dog has made his; the Market has made theirs; and unfortunately; I am about to make a little pop on the roadshow move here, technicals supporting; but the lemmings will jump on directly into another coming Short Selling Freight Train... some people never learn... I neither love, hate, or have any emotions towards FGI; that's why I make money on FGI. Separate investing/trading from any emotional loyalty and you'll make a lot more money... But;do feel free to keep all the MEXP/RRC flames & mistruth, misquote, ineundo etc. going... because I just keep taking it to the hoop... nothing but net ~ Got $3 EEX ? 1/3rd here; 1/3 at a limit of $2 11/16ths for an armeggedeonish catch; and the final 1/3rd wait untill we see a volume led reversal and add into strength... damn; might be seeing that right now (VBG). PS - sitting at $4 7/16ths for more RRC; got some at $4 1/8thish here earlier... RRC will see $6-$7 and MEXP will see $3, 4, 5 - but lots of trading opps in between; you still gotta push the button yourself...can't just sit there like a zombie - look at what happend to those FGIzombies... Good Luck ..."fully invested" - "yummy profits" WHERE ? (ROFLMAO) "trying too hard"... yeah, right !