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To: hdrjr who wrote (62058)	3/13/2000 3:25:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

fwiw; I'd take my profits on XTO here - at least 1/2 & rotate... If you've been in XTO from the $8's - I'd take 1/2 position at least off the table (I took 75% fwiw) - a 50% move in this environment is plenty and rotate to a laggard - maybe an integrated, or major, or a beaten down NG play like FST, or BSNX, maybe BR on a dip ? - I am buying more BSNX today . XTO can see $15ish, maybe $18 perhaps this year - but, it moved well ahead of its peers here imo & other stocks have more nearterm upside %. UPR is also still a gift here - I think it see's it's next resistance at $16 (37% upside) and if OPEC adds less than 1.5 M boe - the breakout run for E&P starts running upon that announcement. Post Patrol, these are volatile times - being in some cash is prudent. I am not criticizing you at all. I am trimming a bit here for two reasons. 1. To protect my gains - I am not giving it up to an irrational market selloff if the OPEC production changes are met with an irrational reaction; I simply REFUSE to expose myself to the ONLY major risk we face going forward !!!!!!! - which is highly possible on anything in excess of 1.5 M boe imo. 2. I want cash for blowoff opportunities that could be triggered by that OPEC meeting reaction, or individual selloffs otherwise not related... still lots of laggards here. UCL selling off to really cheap levels here today - BSNX real cheap, I snagged some TX at $48 and would add on strong margin sub $45. KMG I add on margin sub $48 if it retraces a bit of its move - this one is one of my fav's going forward. Hell, FGH could breakout from $7 - $10 here in days - who knows ? I am also back in RRC at $2 and am not ashamed of taking profits on the bounce - hell, 2 3/8ths is a 18.5 % move & $3 is a home run.... lots of trading opps here. Laggards & small caps still abound & the Majors are cheap - I like OXY here, TX P MRO COC.b - will buy back some ETP if its see's the $16's etc... PXD keeps returning near $8 - buy it there - it seems to be rolling between $8 & $10 for some nice easy trading... Postal; for one other MAJOR reason I am not afraid of "not" being on margin - (actually I am "trading" on it- but, not looking to "hold" on margin here) -is that the financials, steel stocks are sooooo cheap. Just like you liked PG - I have bought WM AFS FBF GSB in financials here for an initial positition; I see 35-50% upside in these unless Greenspan hikes another .75 in total - .50 is priced into two more hikes - actually; overpriced... Financials are a real gift here - virtually in many cases at price multiples - valuations as seen in the Oct 98 blowoff - amazing opps for a patient investor - amazing... may buy SVRN today sub $7. I may end up holding 35% financial's going into the OPEC meeting. I may also buy some tech puts, or do some shorting there soon - its insane...