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

To: Think4Yourself who wrote (60309)	2/15/2000 10:15:00 AM
From: RBlatch	Read Replies (2) \| Respond to of 95453

JQP - If you weren't a gambler, you wouldn't be here. I'm holding and have pretty much maxed out my margin this past week picking up the likes of more PTEN, UTI, and KEG. When these stocks will go up, I don't know. I do know, however, that they will. Cordially, RBlatch

To: Think4Yourself who wrote (60309)	2/15/2000 10:40:00 AM
From: Winkman777	Respond to of 95453

I just now sold a few k trading shares to reduce margin somewhat. But would not be surprised to see significant new highs, considering SA's announced cutback in March deliveries. We may see a peak well before March 27 OPEC meeting. My portfolio is about even with previous all time high. A lot of margin can be scary - but is great on days like yesterday and today (so far). Good luck and take care all. Winkman

To: Think4Yourself who wrote (60309)	2/15/2000 10:41:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Q" - re: "the margin dance"... We are still in volatile times; using margin nimbly means you don't hesitate to take profits, or to cuts losses. I have sell limit orders for partial postions on everything I own today - "if" we see a major rally. If my limits are not triggered; I'll have them back in place tomorrow if API's are great - remember ! - the last near 10% up day we had ? - it's was followed by heavy profit taking, shorting and a substantial retrace. There is no reason to think that volatility won't continue here. I'd stay fully invested, but I would be in & out on margin - allways selling major breakouts. I sold substantial positions and that last major one day move - had too on margin; 10% is 20-30% return depending on the degree of leverage you are using. You MUST take those types of profits on one day moves. XTO for example - I sell on a $1 move today - nothing less. There are substantial shorts here; we can move 8-10% intra-day very easily on many names. That is the type of pop I would sell; at least a 6-10% move. You can't miss anything here -there are laggards in E&P's - both majors, integrateds, Gas plays, Oil plays - large, mid & small caps; same in service co's, and FLC DO still look cheaper than the other drillers here. If you sell a mo-mo play; buy a laggard with decent financial condition and strong fundamentals. If you sell your margined holdings; you get to re-margin again if we retrace, or to buy a laggard - can't lose by selling; it gives you ALL the options-it keeps YOU in control; You ACT - you don't react... good luck