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Gold/Mining/Energy : Fox Energy Corp. - FEC on ASE -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (23)	12/18/1999 1:33:00 AM
From: CIMA	Respond to of 54

Fox had a good week, up roughly 20% in tax loss time. I'm still hearing a deal may be in the works. I guess we'll just have to wait and see. Somebody should go visit these guys, preferably an oil and gas person, but I'll go if nobody else will.

To: john who wrote (23)	12/19/1999 12:07:00 PM
From: CIMA	Respond to of 54

Perspectives Weekend Edition - Dec 17 ===================================== Commentary ========== "A silly man is one who dances, the sillier man is the one who watches." Many Internet stocks trade at well over 100 times earnings while many don't even have earnings. Meanwhile, some energy stocks are trading at less than half their net asset value. This year, the stocks in the S&P 500 that lose money have outperformed the ones that make money - by a large margin. I was in a book store today looking at financial self help books. There were books on how to buy value stocks, and others on how to invest for the long term and retire rich. I saw one discussing a valuation model that looked at growth, and another that focused on the randomness of the stock market. None of these strategies would help you to outperform the NASDAQ composite in the greatest bull market of the last fifty years. Next year there will be books telling us how to uncover the next AOL or Dell, but they will probably be too late. In the media, expert after expert talks about the irrational nature of this market, about how technology stocks are over valued and must be ignored if one does not wish to face financial doom. It seems all these experts are sitting at their tables while the rest of the party is having a great time dancing. Let me tell you a simple rule: All investments will eventually go up, all investments will eventually go down, timing is everything. I don't disagree that valuations in many stocks are irrational, nor do I disagree with many of the theories discussed in the books that line the shelves of the local Barnes and Nobles or Chapters. At one time or another, they will each work. But over time, there is only one thing that always works, and that is, dance with what the market likes and make sure you are dancing close to the door. The buy and hold strategy suited a market where the average investor did not have the ability to move in and out of stocks with low transaction costs. Now, you can ride a strong stock until it is tired and then move the money into the next strong horse without having to pay dramatic commissions. The active investor can judge market activity and focus on stocks that are moving while the passive investor puts patient money in stocks that are going no where. Watch the market for stocks that the market likes, not ones that you like. Get in early on these stocks and ride them up. When they get overextended, short them for the profit taking phase. Sounds easy, right? Not really, but the new web site that I'll be unveiling in the new year will identify strategies and offer tools that will help. Enough Said.