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

To: dmccoach who wrote (60537)	2/18/2000 11:19:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Ohhhhhhhh Yessssssss; Thank God for Buying Power here.... Patience - so hard to exercise; so profitable when it is. Interesting times folks ~ 1. Retail stocks signaling a recession 2. Rate Hike environement to continue = Total Market correction of 8-10% possible, if not probable; before bottoming & will take the Oilpatch right down with it initially - which if this happens prior to the March OPEC meeting; this could be the buying/leveraging opportunity of a LIFETIME for non speculative/non .com/biotech plays. 3. Institutions moving money out - prior to OPEC and in fear of an overall market correction imo - this adds to the opportunity here. 4. We will see Crude talked down - we had all better be pulling for that to happen; as this will set up OPEC to be able to maintain cuts; which will set up API drawdowns over 3-6 mos of peak driving season - which will set up a fundamental floor under supply, virtually insuring a 18-24 month sustainability of $22+ crude oil leading to the Boom of Booms ! Folks; hair is standing on my arm - I am leaving to go raise cash. If we see DOW 9500 and the Oilpatch blow off here prior to the March meeting - this is a once in a decade, or lifetime opportunity imho. Slider going to go see the bank 'bout mo money; because I am margin buying "some" really nice value here in E&P land... and I want mo ammunition for Serice/Drillers if they keep coming down and to add some serious Call $ in play here.... Ohhhhhhhhhhh Baby... this is playing out so very nicely. We could see "margining a major" - or mini-majors (my fav's here riskwise) into 60 day "doubles" imho... My other thought is that the initial spike in Oils could peak right at the exact same time the Fed eases Hikes - corresponding to a bottom in financials - to where I can take profits on my margin & leveraged Oilpatch gains and rotate those $ allmost simultaneously into the bottoming of financials - who will also have 50% upside, which is a margined "double" as well.... Oil - Financial's - Steel; who the hell needs this bio-dot.com mania....