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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (1234)	10/2/2000 11:32:00 AM
From: FloydP	Read Replies (1) \| Respond to of 1602

PG & Truth, Looks like another threat from Hurricanes. Do either of you know specifically where Swifts rigs (if any) are located? Congrats PG, at least you can afford to have the hullio's doing your landscape work. I learned most of my spanish words in 1952 when I was working in a Southern California orange packing house. Of course 90% are swear words.....

To: PuddleGlum who wrote (1234)	10/19/2000 6:34:26 AM
From: Mark	Read Replies (1) \| Respond to of 1602

PG - I thought I'd let you know that I just lightened up further on my SFY holdings. I have wrestled for years with the question of when is right to sell a stock, and am now increasingly comfortable with the following two circumstances - 1) when the story (potential) changes, 2) when you have a better opportunity for your money elsewhere, The recent press release hasn't really changed my basic belief in the company, but may have clarified that this is going to be a LONG slow burn. However, the market mayhem in the tech/net sector has just created too many good opportunities elsewhere. On that basis I just sold 40% of my remaining stock in SFY. SFY still accounts for 16% of my US portfolio, and will likely be held for quite a while yet. However, over the last few weeks I have been moving my exposure to O&G from about 85% to 55% today. I expect there to be some further gains in the service stocks that I hold, and once these have occured then I will completely dispose of these (I suspect that TDW will be a long slow burn, so this may take a while!). The only stocks that will remain will then be some special situations/laggards like MEXP & PETD. Yes I do think that we may be in a long-term up-cycle, especially in NG, and I will be keeping some SFY long-term for that reason. I still like the company enormously, but no longer see the compelling reasons to be so heavily overweight in the stock/sector (I have had a >500% return on my recent sales, and don't feel too guilty about taking some profits!) If we see an excessive pullback in the sector/stock, you can be sure that I will increase my holding again. FWIW I have bought RMDY, CMGI, MTSN & JAKK in the last few days/weeks. I am watching DCLK, TIVO and NVLS, but haven't bought any yet. Guess I am waiting to see just how damaged sentiment generally is! Mark