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

To: Terry D who wrote (58126)	1/7/2000 3:40:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Pigs get fat, hogs get slaughtered; learn from history, or be destined to repeat it... fwiw; I was margin leveraged into this initial bounce; taking lots of money off the table here for more than a couple of reasons. 1. got "double" the move via margin leverage - prudent trading required taking at least all margin profits off the table on a quick breakout. 2. Dow & Nasdq ignored the employment #'s and the looming Fed Pressures... rotation will slacken here quickly imho - then who are they buyers to support us ? - they won't be... I plan to catch the immenient retrace , or to sit in bottomed laggards. 3. Oil trading down - technicals & sentiment are in control - allthough this sets up a later "fundamental" spike through $30 imho - as we will get some short interest in crude here... Nat Gas is facing terrible weather conditions 2- 3 weeks out which will really turn sentiment from bad to terrible - we may test $2 imho & if we do it will be in the next 3-4 weeks. 4. No shortage of rotation - value & laggard plays; no one is going to miss ANYTHING here for some time yet... 5. This feels like "Deja Vu all over again" - just like the initial breakout in early Jan last year - got the value players & tax sellers back in; once they were in - we retraced hard... 6. Earnings season will have few "BJS" stories - quite the opposite. 7. imo, the next solid retrace off of where we stall here will present another firmly based & fundamentally supported major move - as we must clear the hurdle of what OPEC is going to do in March. I plan to have lots of buying power/cash available & be quick on the trigger untill we clear this "trough" earnings reporting by driller & service stocks - and we see where Nat Gas bottoms - weatherwise & what OPEC does - because after those 3 questions are answered - its off to the races imho... I don't think we bust out to OSX 100, or hold firmly above 90 untill we clear those hurdles. We look fairly valued in the "names" of the driller & service stocks. E&P's still have room in the UPR OEI PXD EOG NBL's of the world and I allready hold them at the bottom - no reason to add here. there is a small cap with some huge upside news coming by the way... start digging...looking for who is able & likely to breakout against the grain if need be; come Q4 reporting. PS 0/T ... as far as "keeping my demons" in check ? Pleeeeeeeeeeze, if a playfull one liner is a "demon" - MeThinks thou dost prostest too much... Save the PC Police Sirens for the "real thing"... if "aluminum foil on your windows" is "demonic" - we all have problems... a big difference between some playfull banter between the trades and some multi-paragraph social commentary. 'nuff said PSS.. <<When you go out on the town tonight are you gonna be John Rocker or Ru Paul? (VBG)>> hmmmm ? John Rocker... young, rich, brash - outspoken. Makes a few Million $ per year, probably has to invest, or trade in stocks... Known for his "Slider" and for keeping it on the "black" part of the plate... food for thought isn't it Sherlock...