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

To: Razorbak who wrote (78431)	11/9/2000 11:19:04 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Keep your head up & DON'T listen to experts. Best to decide for yourself. Agree "the sky's not falling", just the market<g>. I've got no crystal ball or special gift. But gotta call em like I see em. Sure we could get a bounce tomorrow or even a ST rally. But IMHO the larger downtrend ain't over yet. May nibble selectively here and there as I've been doing for over a month. But, till I see evidence of a good intermediate term bottom, am very happy just sitting and watching the fur fly with a nice fat cash cushion. Been through these kinds of markets quite a few times over the years. And long ago came to the conclusion that preservation of capital is more important in an environment like this than trying to be the first to call a bottom. In fact, my experience has been that it's more fun, usually more profitable and less stressful to actually TRY and miss the bottom. Then average up rather than to average down trying to catch the low. And am the first to confess it's just as hard for me as anybody else to resist the knife catching urge<G>. But under these kinds of conditions I do try... BTW, like your runts. Not sure, but think I may have one or two of em myself. You ought to post a performance update again. Last time I saw it, you were looking pretty good. Best Iso