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To: Jon Cave who wrote (59015)1/24/2000 2:41:00 PM
From: Think4Yourself  Respond to of 95453
 
Yeah, I just picked up a couple thousand shares of UPR under 12 1/2. It's down hard, but on low volume. Hopefully it's just an anomaly because I placed my orders at the ask price...



To: Jon Cave who wrote (59015)1/24/2000 2:46:00 PM
From: Jon Cave  Read Replies (1) | Respond to of 95453
 
The DOW looks like it is on the verge of a huge sell off. If it breaks 11000, we could be headed below 10k. Who in heck wants to own value stocks when all they do is go down. And only a few select technology stocks keep going up. Heck, all CNBC talks about is technology. This is getting ridiculous.

Keep an eye on GE. That could tell you where the market is headed.



To: Jon Cave who wrote (59015)1/24/2000 3:36:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Add me to the UPR list & EOG - love the triple bottom on Enrons chart here...

Large institutionally held E&P's - getting trimmed with the overall DOW selloff = opportunity.

Everyone criticized me last week for selling the one day 10% pop & going off margin and to 35% cash... today is why I did - I get to buy it all back & do it all over again...

Sold WM today as well; this break to a 10,000
s DOW is healthy & once the Fed Hikes - Financials become up to an equal weighting perhaps with oils for me.

EOG - a gem core hold company here - since december forming a triple bottom here of a $15-$18 trading range. Margining here and sitting for support in mid $14's if seen.
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UPR may disappoint on estimates imho. Still too cheap - adding here and sitting in support of mid-low $11's. This has been a great margin range trader too.

Time to trade this one again (VBG) re:

<<To: SliderOnTheBlack who wrote (58647)
From: SliderOnTheBlack Tuesday, Jan 18, 2000 1:09 PM ET
Reply # of 59025

Ka- Ching again; UPR gone +10% today; +30% on margin in 4 trading days !>>

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Not being a smart ass; but I got heavilly criticized for selling into the 18ths spike - what were you guys thinking ? OSX earnings fundamentals have not reached the point of upside surprised being status quo as yet... this was inevitable imho.

<<To: IndioBlues who wrote (58656)
From: SliderOnTheBlack Tuesday, Jan 18, 2000 5:04 PM ET
Reply # of 59025

What a day ! Anyone else ring the register ? I sold nearly 2/3rds from 2:1 margined, down to 65% cash.

I will try to "buy back" my VTS PGO NBL UPR & "some" FGH & UFAB cheaper in the coming days. If I miss them taking off - no problem; have a long, long list of rotation/laggard ideas.

The reason I am confident of being able to buy back my core trading positions cheaper is I heard Fidelity & a couple of major funds were buying large today; we should retrace a bit just off of reduced buying - not so much from a sell off. Look at the cash inflows to the sector just on the "Big 3" of SLB HAL BHI.

For trading, in deciding to take profits - I look for major up volume days on the Big 3 and we had 7.8 Million shares over the daily avg on just these three stocks. We had allmost $300 Million cash inflows into just these 3 stocks today alone - that's "large." Don't know if we'll see that volume sustained. I think they'll look to pick their spots; not coming back in large, unless it's in on another small retrace.>>
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Sarge; I'm adding back some fGH here like I said I would - $6 11/16ths - will follow down for a technical trade - adding @ $6 3/16ths, $5 11/16ths; as BK risk is gone; but this "aint" seeing mid double digits anytime soon.

It's still a TRADING environement folks...