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

To: BigBull who wrote (64768)	4/17/2000 12:50:00 PM
From: Think4Yourself	Respond to of 95453

Everyone down to a safe level of margin usage? I hit my predefined limits early this morning and traded my plan (cut back on margin). Feeling a lot better now. Overall did very well on margin, only giving back a weeks worth of gains. Can ride another 20% decline from here with no problem. Not likely though, as earnings will be fantastic.

To: BigBull who wrote (64768)	4/17/2000 12:57:00 PM
From: SliderOnTheBlack	Read Replies (7) \| Respond to of 95453

Bullsky - perfect market to "average into" vs. waiting to call an exact bottom imho... Nothing has changed fundamentally for the oilpatch stocks - FLC ESV RIG - pick a driller, throw a dart; if you are out here - gotta start averaging back in here imho. FLC - enter here, sit at $15 7/8ths for the next taste, PGO here, then $12 7/8ths , RIG here , then $38 etc. Actually anything much less than OSX 100 and I wait to just leverage with calls at OSX 90-92ish if seen. "Q" - we agree to disagree; I merely think that the valuations have tilted back to favor the driller/service plays vs. the E&P's here. I bookmarked a chart on March 6th - OSX was 108, now down 8% and in that same time the E&P's are up 20-30%. That is all I wanted, I'll flip-flop back to the OSX names here - sell the "pop's" (the E&P one we just had) and buy the dips - (the OSX presently) - this is so crystal clear and has worked so well - that it isn't even questionable to me ~ so it is written, so it shall be done...(VBG). I got lucky; closed out one broker acct early last week & had them mail me the check; wired the funds friday after the market close to my new broker and now get to re-buy both tech & OSX. I still think that OSX 100 holds.... stocks bouncing off their intra-day lows here on institutional buying. Small caps a gift - weak handed invidual investors getting margin called - KEG FGH lead that list... FGH - thanks to all the Yahoo's who wouldn't listen and are now margin-whipsawed once again...