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

To: Jon Cave who wrote (60938)	2/25/2000 2:37:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

<Their just ain't enough money to support both the high techs and the dow right now. >> BINGO ! - this IS reality. - I have confirmed thru friends that there are fund managers who have had to sell, or were pressured to sell by upper mgmt; positions that they did NOT want to sell here. This is why I am just now getting fully 100% invested with all my margin left here - becuase the tech collapse, or a major final capitulation to the DOW; could well happen before the OPEC meeting - I want cash for that possibility - and its effect in taking the oilpatch down further. Even if the DOW rallies - this damn sector keeps getting cheaper as well... hell, I've bought FLC back 3-4 times in the $11's - each time thinking I lost it... BR at $26 has me euphoric, but the logical left side of my brain says wait - because it's still getting cheaper, while the emptional right side of my brain says margin it - grab all you can get... PATIENCE will be dramatically reward here thru the OPEC meeting - hell, you can grab some small caps if the biggies pop real fast here; but there is no catalyst untill OPEC acts imo. I am trying to limit myself to 5-6 core stocks for 50% of my portfolio - I want large core leveraged bets in stocks like BR EOG HAL here, and then for the other 50% I want a basket of XTO PXD UPR - some small caps, a few misc driller & svc co's etc. ETP I keep buying bits of pieces - this is a sleeper, low volume here of late, but heavy oil leveraged and down from the $20's to $15 allmost overnight - this is a BUY - mentioned as a takeout at this price as well.. LSO for a smaller Euro-Oil is cheeeeep as well. - both worth a peak... o/t Commerce One is up like $30 to $209 today; out of curiosity - how the hell does someone place a buy order on a $200 stock that is allready up $20 for the damn day ? Honestly - I couldn't do this - even if I was getting paid to do so ? - this defies every rule of logic - I honestly do not believe that a damn money manger over the age of 45 can do this ? This is like sticking your hand into a damn meat grinder - seeing the ground sausage coming out the other end - and having someone say - trust me, it won't cut you - go ahead and stick your hand in... insane... I am not jealous of their gains; but I am fearfull that these "Gamblers" who are running public money here in the tech arena are going to create a historic market collapse like nothing we have ever seen - and solid old economy stocks like Exxon, GM, AT&T etc are going to get killed right along with them... The Longterm Capital debacle may pale in comparison to the tech collapse... this is out of control imho - these stocks can not support these values 3-5 years out...