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

To: SliderOnTheBlack who wrote (78464)	11/10/2000 10:52:31 AM
From: seminole	Respond to of 95453

<<< I haven't seen this much waffling at the IHOP >>> I have. I was at an IHOP yesterday. I ordered biscuits and gravy but they brought me chicken fried steak. The waitress said the mistake was due to their new butterfly menu.

To: SliderOnTheBlack who wrote (78464)	11/10/2000 10:53:53 AM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

I for one haven't "blinked", yet... I protected my 401K money since I have to use broad market mutual funds and can't pick individual stocks. There will at least be another week of uncertainty and in that time the Naz could take out the critical level of 3000 on lack of buyers and marginal selling. NTAP, JDSU, JNPR etc show very little fundamental or technical support at these levels. Unless we rally soon on the Nasdaq there is a real risk for sub 3000 meltdown imho. I still have my oil plays (MVK and KEG mostly). I do plan on holding till winter, but if the Nasdaq goes sub 3000 I may just get out and watch from the sidelines. A Bush win which I see as the eventual outcome will rally the energy stocks - even if the win is delayed. Fundamentally, the election result shouldn't matter, but it puts the buying on hold and quite honestly that's the only thing holding up the Nasdaq. Valuation and earnings don't support Nasdaq 3000. Anyone watching WCOM? 15 now. Do I hear 12, 10? In the E&P's OIL is looking good, but I'd like to see the news first. No shortage of OSX doubles these days so while OIL is compelling at 25 it's no more compelling than KEG, MVK or others.

To: SliderOnTheBlack who wrote (78464)	11/10/2000 11:10:02 AM
From: isopatch	Read Replies (1) \| Respond to of 95453

Precarious picture as NAZ hangs on by it's fingernails: stockcharts.com[W,A]DECAYYMY[DD][PC5!B34!B50!H.02,.20!B200!D30,2!A3000][VC60][IUO14!LA12,26,9!LP16,14,14!LC10!LC20!LG10!LB16,14,14] Several bearish descending triangles and Stoc ready breaking below it's MA...AGAIN. Don't think I'd "buy a used car" from the PPT on this one, lol. Isopatch

To: SliderOnTheBlack who wrote (78464)	11/10/2000 12:26:45 PM
From: BigBull	Respond to of 95453

Oh my Slider, aren't we having fun? Oooo yeahh! ;o} Seriously, I truly hope you are correct and that Bush gets "certified" by next Tuesday. If he does, then I think a good rally will unfold. However, I do not think that Gore and company has any such plans for going gently into that good night. This is evidenced by many statements of top Gore campaign operatives. Prima Facie evidence: washingtonpost.com It's already in the courts, in Palm County. The clear intention of the lawyer for the plaintiff is to halt certification. At any rate, I do not now believe that Bush will be certified until the 17th until the absentee ballots are counted. This will give the Gore campaign plenty of time to create further mischief, which I firmly believe they will attempt. But hey, I'm paranoid, don't ya know! ;o} Still, this is totally typical of the Clinton/Gore defense tactics used during the impeachment hearing, ie. Defend in depth, buy time, demonize your enemy until he is dead politically. Will it work again? Don't know. But the political tombstones of many a Republican stalwart are testiment to it's effectiveness. At any rate, I don't see any real sustainable stock market rallies until the Street becomes convinced interest rate cuts are on the way. IMO this is the only thing that will allow investors to "look over the valley" of the 2 to 3 qtrs of horrible earnings comps coming. By sustainable rally, I mean a broad rally that lasts more than a few weeks. When I see the VIX get over 40 I'll start swinging into the bullish camp. BWDIK About oils? You could be quite right $40 oil might pop the patch. But it could also annihilate the rest of the market, so setting stops, particularly trailing stops are sound tactics. I do find OSX strength here encouraging. So where's the peak of any potential OSX rally in your view? 130, 140, 160? I still say the best way of playing the commodity is via futures, not stocks.