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: SliderOnTheBlack who wrote (66537)	5/18/2000 3:42:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

>> 10% Cash is certainly better than riding on the "Mad-Max Margin" train.... 30% allows one to "really" lay on the long side of a "cream puff" play if things get hinkey here << If I were a better market timer I'd build more cash. But it's tricky and tedious to say the least. Fundamentally HOFF is still cheap. Technically it's a little a head of itself. I could have sold around 11 today and tried to get back in at 9. However, long term I'm confident it'll see 20+ again. At this point in the cycle I'm going to keep my core positions. If I lose some money in the short term I'll make it up by loading up on margin if some great bargins are found. I won't time the oils too much (other than margin usage), but I will time the techs. Given the valuations one still needs to be very careful there. I'm down to about 15% in techs and all of them are big-time laggards and many have good PE's or P/Sales ratios (NITE, WCOM, NTPA, ORCT, PKTR, PSIX). BTW - someone wants EPEX today. Up on 4x normal volume. At 2x cash flows and still near a 52 week low it's still worth a little play money imho. Currently at 2 1/4. In at 2 1/8.