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

To: SliderOnTheBlack who wrote (80536)	12/1/2000 1:57:33 PM
From: ItsAllCyclical	Respond to of 95453

The patch very rarely makes "V" bottoms. While RIG's ability to shrug off negative news was encouraging I don't think it's anything more than a technical bounce off of oversold levels. I'm hoping we get some decent API/DOE's next week because I'd like SII to hit 65-66 again before I start a short position. I'm pretty much 90% cash again with 10% gold. There's too much technical damage in the patch short term that we need to work through.

To: SliderOnTheBlack who wrote (80536)	12/1/2000 3:00:27 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Hi Slider, I believe that Mr. Adkins said if oil "came down $10 dollars, that's not a big deal". Meaning, if oil drops $10 from today's prices, it's no big deal. I'm sure he wasn't referring to $10/bbl pricing!! You were a little quick with the moron comments, once again. This is an excellent trading environment and I agree with your view that it's tough to be buying long term right now. Nibbling is one thing but I see little reason to load the boat at this stage.