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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: FloydP who wrote (894)	10/3/1999 11:04:00 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 1602

Yes, Floyd, I agree with you that the move in gold appears real. And we had a nice pullback on Thursday to allow good entrypoints into precious metals, so I expect to supplement my precious metals holdings early this week. I'm a bit leery of the action in a lot of the e&p companies. No one is convinced that $25 oil will hold, but I didn't expect $20 oil to hold, either. The market seems able to look 6 months ahead of time, and it's seeing something that I don't see, otherwise these stocks would be much higher than they are right now. I added some APA recently, but I think I should have waited. I think that the next 3 weeks will offer fine opportunities to add to e&p positions, so obviously I don't believe that any of these companies will take the short line to higher prices from here. pg