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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (75573)	10/4/2000 12:40:20 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

>> always returning to a disciplined 30%ish Cash position << >> The more discipline I exercise; the greater the opportunities I find myself literally walking into. << Agree 110% - especially in Oct and with this market. I just find it hard to do becuase it's so easy to focus 3,6, 12 months out. I do think oil stocks will go higher still, some significantly. But ST I don't see too many sectors rallying and there is plenty of downside risk right now. The Nasdaq keeps snapping every technical support level. I do think we'll get plenty of buying ops in tech and/or oil. Now if I can just maintain my discipline... The Nasdaq looks UGLY. Given the technical breakdown I'd be surprised if we didn't retest or make new lows here. 207.61.23.98

To: SliderOnTheBlack who wrote (75573)	10/4/2000 12:47:45 PM
From: W PAUL	Read Replies (1) \| Respond to of 95453

I am very pleased that someone with your feel is thinking the way you do about the yellow stuff. I would just like to say that I was convinced by all the arguments that are now convincing you in June/July when I thought the second leg of this bear market would begin. I made a lot of money in Biotech (1000% in 18 months) kept most of it but was spooked to reenter after the spring crash. If I had I would have doubled again. Instead I now have large positions in the South African unhedged, interesting Canadian small cap etc. So far the portfolio is 12% down and falling. I have no intention of selling - yet !. My sombre point is that apart ( and it is perhaps a big apart although there is masses of opinion of how this bubble had to end without the oil trigger)from the greater spectre of oil NOTHING new is being said about Gold that was not being said many months ago. What is changing perhaps is my realisation of just how entrenched are those who will not let Gold have its day.So far we have underestimated them. I sometimes think that the pack of cards is so high that they have my sympathy. Wyatt