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To: jim_p who wrote (64944)4/19/2000 10:18:00 AM
From: ItsAllCyclical  Read Replies (2) | Respond to of 95453
 
Sold over 1/2 my techs. Ready for the next dip in techs or oils. Don't care which.

Bought a little SFS today. Otherwise not buying yet till I see what sort of pullback we get from two of the biggest days in Naz history. Back to within 3% of my highest close ever. Thank you techs. Using 25% of margin power here, but willing to trim back to 0 in a heartbeat.



To: jim_p who wrote (64944)4/19/2000 10:19:00 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
SFS - looks to be building a thread consensus as a BUY !

I've allways skimmed over it - but, has some compelling Intnl assets - sold value; looks like a buy .

I thought OXY would have popped $2 off that earnings report ? - I guess it will take its sweet ole time to $35 (VBG). - a gift here.

OSX wobbling ? - API's not bad, not good - 310 M boe in storage folks; and some Oilbears come out - and my margin comes off & I start being real quick on the sell button.

For my presently; that damn storage numbers is paramount.

Crude futures trades will turn bearish in a millisec if OPEC cheats a bit & we start seeing storage over 300 M boe creeping back to 310ish - thats BAD NEWS... Crude Oil can go to $18 in the futures markets.

OPEC screwed up - shouldn't of budged untill after this slow season - they folded to political pressure.

I still think we pull through this; but I learned the hard way - that storage number is the EARLY WARNING indicator folks - be forewarned !

Bullsky - what do you think on that ? - does Globabl demand matter if we re-build domestically to levels where George Clemens/NOESIS & the oilbears can finally get something statistical to sink their teeth into ?

PS - trimmed 1/3 of my tech holding this am -locking in some nice gains; will trim the other 1/3 on tight stops - but I am holding the other 1/3rd LT - and will wait for a bottom base, or another blow off to re-buy

Selling in core - names today JDSU CSCO BRCM - dont like seeing that; staying in some nice wireless/telecom plays however. Jim L - GBLX & WCOM are 2 fav's of mine as well.