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: Think4Yourself who wrote (72043)	8/30/2000 3:59:34 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

OPEC meeting getting close. Upside is definately limited here even with excellent API/DOE's since most will wait until after the meeting to see what size of an increase we'll get and where prices will settle. As such I sold a few more issues and raised my cash position to 10%. Not selling much more as I don't want to pay the tax man. This year's tax selling will also be something to watch. I'm staying out of techs because one, I believe an energy crisis is a possibility (with a normal winter),and two, I believe the tax selling could get ugly. Conversely Energy stocks have had HUGE gains. Some tech investors, portfolio managers might sell some energy to offset tech loses. I'm staying VERY flexible the next two months. Still very bullish long term though.