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: Crimson Ghost who wrote (56205)	12/6/1999 5:05:00 PM
From: enervestor	Respond to of 95453

I think a bigger risk would be to not buy at these levels. All the bad news is just in investor(?) psychology, not energy stock fundamentals. My problem is I just keep buying more despite being overweighted already. I initially invested more in the small cap E & P's, but as APA, APC, NBL have sold off have not been able to restrain myself. I am in a similar position to Brian as I subscribe to George Gilder's Technology report and am sitting on huge gains in QCOM, JDSU et.al, debating every day whether to sell or not. Us Gilder fans regard these companies as the MSFT and INTC's of the next decade, and who wishes they hadn't bought and held them in 1990? So I just keep buying energy stocks on margin and hanging on to the Telecosm stocks. I suspect most individuals don't want to take huge capital gains this late in the year, but may start selling them after Jan 1. In any case, I can't see how the energy stocks can stay depressed too much longer, and I think that gains from these levels are just a matter of when, not if. I realize the timing here is a problem to traders, but for investors energy stocks from these levels are no-brainers. (I hope!)