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. ----------------------------------------------------------------- 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 !>> ------------------------------------------------------------------ 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.>> ---------------------------------------------------------------- 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...