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: Think4Yourself who wrote (64200)	4/10/2000 4:15:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

"Q" - the only real worry you need to watch is if we see another 3-4% tomorrow on the expectations of poor API's and then get another 3-4% sell off on Wed on Bad #'s. But, that 6-8% is all I think there is; the sector simply has too strong of underlying fundamentals here for strong buying to not step in to the price levels on the sector leaders here - I guarantee you that GLM FLC RIG et al get strong buying here shortly. However; I would be taking profits on E&P's and overweighting back to drillers imho... perhaps keeping some NG pureplays that have NOT broken out like NBL & EOG who have ran up significantly for example . $3 gas is allready fully priced into some names here - I'd be a seller there and move the money into choice OSX names on this pullback. The no-brainer E&P play just ended - it was to margin & load up on $8-9 UPR, $7-8 OEI, $20 NBL, $14 EOG , $8 XTO - they are not over-priced here; but they are no longer screaming values - and they'll be lots of profit taking; so the rotation to drillers, or key OSX names is now the no-brainer imho... We shall see - need upside surprise on the API's