Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: patim who wrote (61058)	2/29/2000 10:45:00 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Clarification on selling OSX into strength & rotating to laggards... Someone Pm'd me on this; let me expand my thoughts. I think the OSX has tremendous upside, but within the index some components have virtually all the positive expectations fully priced in here - their PE's on a forward basis are quite "tech-like" with no room for disappointment. Risk - is the factor one must pay close attention to here; ala the blow offs of HAL BHI etc on prior disappointments; should a SII, or BJS, or CAM disappoint - lots of hot air to cut thru on the way down to where they find a soft landing as a "value" play. Now it is not likely that will happen; but if OPEC were to do something stupid - I would rather be holding HAL here than BJS, or SII - that is my MAIN point. Momenteum is still with the BJS & SII's here, but I would be "dollar cost averaging out-selling" those names here and rotating into the HAL's of the OSX, or E&P's. I won't sell HAL that I added at the mid $33's the other day untill I have 50%+ upside to its prior high.. HAL has a 50% upside guaranteed if we see the degree of Boom 2000 we think we will. In fact; imho - for SII & BJS to move at all from here - HAL "must" have 50% upside to its recent high of $50. HAL was THE risk vs. reward buy in the OSX in the $33's here of late. When major institutions come via sector rotation - the liquidity is in the Big 3 - SLB HAL BHI, not in the botique names like BJS SII CAM etc ... remember that... RRC I really , really like for a "deja vu - all over again" play... $2 to $5, or even $7 if we see the contraseasonal nat gas crunch that could happen... it's priced as an "option" here - the only risk is insolvency - period. RRC - is a gift, throw some in the small cap basket here and fahgehtaboutit...