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To: jim_p who wrote (80529)	12/1/2000 1:34:06 PM
From: Nello Filippone	Respond to of 95453

I'm hanging on to ATW,HAL and OEI until I see some of the volume dry up, if the OSX continues to look like it's made V bottom(the next couple days) I'll hang on for a bit.

To: jim_p who wrote (80529)	12/1/2000 2:08:13 PM
From: SliderOnTheBlack	Respond to of 95453

<Congratulations to those who loaded up yesterday> jimp; congrats for a daytrade flip are allways in order.But; few here are daytraders and why would most be selling OSX stocks today at OSX 103 ? - that certainly would seem to contradict your own mindset, let alone those who are longterm Oilpatch Bulls who see a multi-year cycle and view this correction as deeply oversold ? Those people can't possibly be seeing OSX 103 as a profit taking event now can they (roflmao) !?!?!? Your daytrade flip certainly seems to go against your own grain/mindset of this being a deeply oversold correction ? I can't imagine anyone who is a "true-believer" is "really" flipping stocks they bought within a few hour window sub 100 - at OSX 103 ????? - a philosophical incongruity there imo ? - that's a polite term for ... Unfortunately; the real congrats are for those who allready sold at much higher levels; used stops etc. The reality here is that many max margined; loaded up at the initial break under OSX 120, then again at 113-115, and either dumped, or got sold out on this final whipsaw to sub OSX 100; or added yet again if they had any money left... Tough trading on lower lows & lower highs. Possible ? yes. Probable, recommendable, or high reward/low risk ? - No. Better to exit at the first sign of that double/triple top being broken; and waiting for the underlying negatives to be answered imo. Untill we see how the Xmas retail season unfolds... Untill we see how many more earnings & revenue warnings are issued - ie: untill all the Gateway's & Raytheon's come out of the woodwork... Untill we stop seeing 40-50% overnight market cap haircuts for "name" companies - ala~ Gateway end... And most importantly; untill we get clear & quantifiable evidence as to where this economy will land and how soft it will land... There is no positive risk vs. reward play in the Oilpatch. Those who began taking money off the table at OSX 130, 125, 120 - and who choose not to try to trade a series of lower lows & lower highs during this mid-cycle correction; where the Oilpatch does NOT even control its own destiny - are much, much further ahead imo. Smart Money imho; isn't making any sifnificant bets either way untill we see how "Foreign Investment" views our little Election Debacle. Never, ever - NEVER; underestimate how crucial continued Foreign Investment is here in both our Equity AND Debt Market - along with King Dollar... Also; Crude Oil's peak & the beginning of its downward cycle correction leg has virtually allways led to stronger gold prices, a weaker US Dollar & Equity Market... Additionally; Dec-Jan has never been a very positive environment for OSX breakouts - quite the opposite. We've ussually seen our highs during the shoulder season & not during peak demand season - certainly a sell the trumpets, buy the cannons mentality... Trading within a series of lower highs & lower low's - at this mid-cycle exhaustion point of the Oilpatch cycle; when the Oilpatch does NOT control its own destiny is a fools game imo... Certainly we can run back thru OSX 120-125 here; and that has either been a profit taking, or even a shorting opp of late... we've kind of been there & done that a few times... I don't like environments when we don't control our own market destiny - when external events do; and when we have continually failed & shown exhaustion at the same resistance level. I remain; Sitting Bull ... make that - Sitting "Golden Bull"