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

To: jim_p who wrote (60099)	2/10/2000 1:30:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - jim P - my public apologies as I came off "doubting" vs. just "warning" Not questioning either of your integrity. Sometimes my sarcasm doesn't come out quite right. I guess, in re-phrasing what I am saying; not that I am Mother Theresa or anything; but I think; margin on say XTO's really big break of solid prior support for a bounce is a "margin trade" play; but personally, I would have sold at say $8 1/16thish today - which is what I just did with my $7 5/8thish buys from yesterday - not a major gain, but if this comes down 1/4 from the intra-day high from 8 1/4 to 8 - of which $8 XTO should see huge buying support quickly and it has not; I trim very quicly ANY major, max margin plays - immediately if they do not break solidly and climb from yesterday. I got lucky - purely lucky on BSNX; as I spun out merely to grab FST instead and missed the Gap open down which on margin would have been very, very painfull. Just that we aint out of the woods and imho; I am much more respectfull/fearfull here on margin that the last few cycles; as the Oil Major's and small caps are hurting big here - this is also, why I diversified back into some driller/service plays. I am still not even quite 100% fully in here - with no margin in use; I have "maxed" my position that I want on XTO - as a % holding, not max margin. I see the small caps as really hurting here - and may dip in there RGO RRC TMR CRK et al. We shall see- be nimble, be respectfull/fearfull here imo. Nothing wrong with being all in , but I think I get some bargains cheaper yet... by waiting; we shall see.