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

To: SliderOnTheBlack who wrote (65595)	5/2/2000 1:21:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Same old, same old, while almost the entire oil industry is still climbing (VBG). Although I am in tech, I am cautious and staying with big names. Historically weak season for tech starting, climbing interest rates, and no post Y2K boom. I expect a steady drop in tech stocks, starting in about a month and lasting until fall. Been in tech since the teletypes. Even know how almost all of the "latest" stuff really works. Despite the analysts rantings, the technologies really have NOT changed much in the last few years. I used to like wireless until I realized folks weren't falling for the cellular phone pricing scams. I know dozens of people who have cell phones sitting in dresser drawers. They don't use them because of the cost. In fact, NONE of them actively uses theirs unless their company, or their husband :o), pays for it. Remember Irridium, the company that just ditched their satellites into the atmosphere? They were the analysts top pick when they came public a few years ago. In all honesty I thought their idea of global access to the telephone was a great idea, but they charged WAY too much. If the management had been any good the company would have cornered the market. Bottom line is that I feel tech is overpriced right now relative to the risk one assumes by owning it. Besides, I have major tax consequences if I continue to trade. I'll stick with the independant EnP's and leave the tech for you, for now. From here on I am only trading for no-brainers. CMS was a glaring one that popped up.