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

To: Jon Cave who wrote (66031)	5/11/2000 11:17:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

JON - re: TX I would agree & take profits on the first hint of weakness - let it run, but sell it on any technical sign its done and look for a stronger rotation play with more upside leverage on a rally. TX was good, safe & cheap sub $50 - a no brainer safe haven. It served its purpose. I like KMG a lot here on fundamentals - nibbled a bit of late; they have some huge offshore drillbit potential and have some big cfps & eps numbers - big numbers...fundamentally very cheap - they just pissed off the Street on some acctg issue's - minor, but read Deutsche Banks' earlier analyis on why this was their fav oilpatch play and their model of a $95ish Price target if I recall ? Agree on VTSS - it's been a stock I've followed since 1998 - and its my favorite trader . PMCS has emerged as the leader, but I like VTSS as a cheaper, slight laggard, but better value to PMCS - I see $45 back to $70 on a bounce - the SOX will be strong - fundamentals are simply too good not be be a leadership sector on the tech recovery. I'll be looking to take profits in the high $60's as that looks to be resistance. My favorite risk vs reward space in tech is in those companies that are building & own the new broadband network - the "PIPES" for this entire Internet thing to travel on. WCOM GBLX and smaller plays like RCNC VYTL FTHL and I like VOD as the Wireless King - huge barriers to entry (because of licensing) - which I like etc... I nibbled FDRY & JNPR as cheaper - cutting edge plays as an alternative to CSCO, like RFMD WIND NTAP and a few others - NTAP is an emerging monster stock - there is NO serious doubt to this imho... another "aleternative play" - I wont buy EMC here, but NTAP is THE buy...and one MUST own "storage" here. I also like CMGI here - it held low $50's very, very strong and if you want to play the internet - you can do it in the "basket" stock CMGI - it looked very strong here at the bottom and has reistance at $70 as well - a nice 40% upside play... We shall see on Tuesday... PS - there is a huge potential pop rally coming off of merely short & put covering here. Lots of QQQ puts - puts on the SOX etc. Tomorrow's PPI's if positive - could trigger a pre-Fed meeting rally imo. I wouldnt be short overnight - we could see a stront tech rally into the close on those pre- PPI fears by the shorts & put holders.