To: SliderOnTheBlack who wrote (75265 ) 10/1/2000 11:33:32 PM From: ezspkns Respond to of 95453 All - Great discussions, thanks. FWIW, my own view falls along the lines of the short term negative based on the failure to rally the end of the quarter & general fundamentals / technicals. More than any one thing its the bloddy marys that the bubblemainia seems to be serving for a hangover cure. Too many still back at the bar. Didn't have the brass to go short Fri AM on the q's - it had been a busy week, but I did rescue the long at the open and the action was exactly what I suspected after the apple excuse. Personally I think THE event will be an imploding equities market right here. All the signs are there but I'm wandering towards the grind it lower camp, not the free fall camp. The dollar will follow. I also think it adds a risk kicker to any bull equity position, yes, especially E&P's. Physicals be dammed, let NYMEX smell a slowdown and this rally is over (except for weather risk). I am leaning towards the thought that any major spike action from here is easy money short. Major energy price moves from here will be self-correcting. I was quick to take profits this past week off the OSX bottom (ATW, GLBL, FLC, TX and yes a quick flip of EOG puts). In general the profits are going against losses (Just survived September - OH I forgot, this is cyberland where no one ever has losses) and new positons elsewhere and I've been churning my account - trying hard to correct that. Paying my "tuition" while trying to trade q's, but net +$ there. In general trying to move on from merely OK profits for the year to blowout gains. Making every mistake in the book and saving originals for my own copyright. Anyway, good luck to you all, and thanks for the top notch board of late. EZ Slider, do you have any specific strategy in mind for a PM position? Tried some COMEX this past year and needless to say it was net not too good. Had a few winners but see where you have to go in with deep pockets for long term positions or be a master at picking entry points. Going in with a stop loss attitude will get you just that - losses. At the moment I would only go long on a blowoff bottom but thats just my cash view. I wonder if that's not where we are stuck right now. Aaahhh - but then what do I know - right now I'm betting that corn will not be so plentiful or so good going forward. The farm squeeze is on again - falling produce prices and rising inputs. Will use the $ for that other yellow stuff.