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: Crimson Ghost who wrote (78009)	11/6/2000 4:00:03 PM
From: SliderOnTheBlack	Respond to of 95453

GC - re: E Waves... .... can these guys be right if they see things differently than Prechter ? - who's right, the student, or the teacher ? Euro intervention again; the Argentine & Australian currency problems getting S-E-R-I-O-U-S among others... The old economy DOW - can't run to 12,000 with a weak Euro/Strong Dollar - as it kills US Corporate Profits. DOW isn't running to 12,000 on weaker earnings... and if the dollar falls - we see foreign repatriation of funds out of the US & the DOW can't move up into the face of that - we've got record margin allready in here & a negative US Savings rate - a catch -22; I don't buy it. Again; calls are interesting here for this OSX pullback - keep the upside; minimize the risk - perfect spot for utilizing calls... looks like either a "V" bottom homerun; or head & shoulders top - nightmare on Elm St... define & limit your downside while keeping significant & if not leveraging the upside for less total exposure... Market calling for a Bush win by a good margin here ? Liking as usual MRL & ATW on the bottoms of these banded trading ranges - got a $2/10% play on MRL just via stops & limits on the last pullback bounce and now back in ATW & MRL today. Jim L - got me a nibble on MVK - small; but we'll test that tubular theory... MVK says pricing is improving, drilling demand did offset import pressures on inventories; but see's Q4 coming inline - .15- .20Cish... it looks like a trade. Hopefully oversold on NSS over-reaction. - it's a monster if the cycle expands to 2002. Got a "call" shopping list for tomorrow on any pre-API, or election jitters if seen; but don't plan on going more than 35%-45 back in Oils here; for a 35% Oil/35% Gold & 20-30% cash position - but, with tight stops on the oils; a "V" bottom bounce, or I stop out at OSX 113ish...