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To: Think4Yourself who wrote (66474)	5/18/2000 10:20:00 AM
From: jim_p	Read Replies (2) \| Respond to of 95453

The OSX is bound to correct from time to time. The OSX is down 2.8% on Goldmans comments this morning. We seem to have a pattern of selling the stocks that are at their 52 week highs on the open only to see them higher more days than not in the afternoon. The OSX may correct 10-15%, but it will be a lot higher in 6-12 months. I don't own any of the high flying OSX stocks, and my XNG and laggard stocks have more than offset my losses on my core OSX holdings this morning. I'm here for the long haul, not to try and get every last cent by guessing the exact top and bottom of each stock. I still say it is a buy on the dips market. Jim

To: Think4Yourself who wrote (66474)	5/18/2000 10:29:00 AM
From: que seria	Read Replies (1) \| Respond to of 95453

Q, Slider, anyone with a take on EEE now? I'm in with an entry position this morning. I see it as a solid medium and long term play on a continuing strong NG pricing environment. The market will discount the hedges coming off in the Fall--I would think fairly soon. It seems to meet this concept: Rotating to laggards with good fundamentals has allways been right ~ . . . and there aren't many such NG plays that haven't taken off. There's a lot of baggage in the closet but I see Duke as a good bet to put things right. OT gold: I think Slider's diagnosis of the macro factors favoring a rise in gold is right on--but the better thinking bugs have been saying versions of that for a long time, before and since the 1998 troubles and the subsequent near-confirmation that central banks, hedging/forward selling producers, and houses such as GS and MSDW have been papering over the consumption of physical gold above production levels. What surprises me is Slider, with such finely honed trading instincts, buying into this story without his otherwise cogent posts identifying a catalyst to move the gold price. It seems he sees the Fed behind the curve as the catalyst, but I think aggressive (even if late) determination to raise rates is negative for gold. Why will big players hold it when opportunity cost (measured by interest rates) grows, and the Fed seems determined to snuff inflation? Perception is what matters here. I used to own many gold stocks but tired of the opportunity cost of waiting on a threat to fiat's perceived worth. I believe the US dollar has to be fading before gold will rise--don't see signs of that. The paper trade that's been going on for years may be showing strain, but I don't see any sound basis for expecting it will blow up in the near or intermediate term. Gold is all about market psychology, but its fundamentals have been so constrained by central banks and producers' hedges/forward sales that they barely have a role in affecting that psychology to investors' advantage.

To: Think4Yourself who wrote (66474)	5/18/2000 11:10:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

John Q Public.... hmmmm ? It was "Lingerfelt" - before you got wiped out on your infamous margin call - where your broker sold you out right ? Those posts where you threatened to sue the broker etc had me rolling... That was followed by all those "hedge funds" mysteriously stalking your portfolio... hedge funds - that was the ticket ! (VBG) ~ .... no wonder you were so mesmerized by that post from Mikey-boy yesterday; because you're cluelesss... But; now - you're reincarnated as John "Q" Public... No, "Q" - I'm not a billionaire; but all I did was to respond to the ankle-biting commentary from the Cheap Seats....happens everytime I mention I'm selling , or say sell into the rallies etc. I guess we should just stay blind-bull cheerleaders and continually get relentlessly whipsawed by the regular volatility here in the Oilpatch ? You & many here seem to forget those 4 clearly defined cycles of late 1998 where many posters here just got clocked over & over, or even those that bought & held - saw 50% gains , get wiped out 3 times - that merely using even the most elementary of fundamental, or technical analysis they could have avoided. Then the recovery rally of 1999 we had the same volatility - the same things worked - sell the rallies - exit toppishness & rotate to laggards, small caps etc. And just "who" did lead the move to E&P's here in the first place Mr Johnny Come Lately ? ... and who evidently forgot what happened to the E&P's last September - the last time we got euphoric of $3+ Nat Gas & the stocks went to new highs ?.... history, learn from it- or be destined to repeat it. Presently; we have ramping interest rates of which the first reaction from any trader, investor should be - to contract the valuation multiples - as the value of present and especially future earnings is greatly reduced in a rising rate environment - and boy do we potentially have one here... Not rocket science - simple fundamentals... So; be like Mike, or John C Clarke - bite some ankle - then open wide; because the Crow Sandwich is certainly following (VBG) ~ - by the way Mr Clarke - how'd it taste !?!?!!??! ROFLMAO~ ...talk about open mouth - insert foot ! Everyone here seems to forget - those infamous margin calls of yours "Q" - I don't. Perhaps it was that tear-jerker, mea culpa post of yours - ROLMAO ~ that keeps it fresh in my memory ? Perhaps it has been your most recent Pinocchioisms - of your usual after the factoids of "glad I stayed on Max Margin, or glad I got off Max Margin" etc...who could pull who's chain the furthest... I don't know what specifically is the main reason you make my skin crawl so bad "Q" ? - I don't know if its that effeminante, cattish schmarmyism that oozes out, or just the fact that your a phony Bu!!$h!^ artist ? But, I've learned long ago - you can't keep the nutballs out of the cheap seats as long as they've got the price of admission and you can't teach a Chihuahua to not be an ankle biter... maybe, you were just born that way ? Anyway; I won't ask - so you won't have to tell (VBG) ~ Hmmm; how's ole' SII CAM BJS doin now ? Timing Mr. Clarke, timing Mr. Public, Timing Mikey-boy - timing.... Because I can ~ Ciao'