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: Big Dog who wrote (65607)	5/2/2000 3:50:00 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

Off margin completely again. Just sold a few more techs and some oil issues ahead of what looks to be another bad API report (at least for crude). At this point I've kept some core E&P positions, but I did more trimming. I also bought some Aug calls in BSNX yesterday and sold my shares today. I have the same upside now with less buying power expended. I don't see a huge market selloff anytime soon, but we could retest some lows ahead of the Fed meeting. At these levels in the techs and oils there is likely more downside than up (short term). However I know the XOI and OSX are starting to breakout again. So I'm hedging my bets. I still staying fully vested, just not using ANY margin. I've made some news highs in my portfolio the last couple days. I'm determined to protect my profits. Holding PGO, HOFF, TESOF and KEG in OSX issues. BSNX, SFS calls, and OEI and FST shares in the E&P's. Everything else is tech and healthcare. I like CMS, but sold that too as I'm tired of worrying about margin going into Friday's employment report. If the majors continue to lag I'll probably start buying them again in the next 1-3 weeks. I still love the fundamentals of the gas E&P's but not enough to risk using margin until the market shows some direction.