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To: SliderOnTheBlack who wrote (80913)	12/6/2000 6:51:57 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

ps: Got Gold? Gold +16%, DROOY +13%, HGMCY +13%,KGC +11%,GLG +8%, SIL +7% ... allmost forgot - gotta love those small caps backing & filling in on this XAU rally - absolutely a positive there. Once again; the XAU & Gold stocks do NOT need any broad market sentiment change to run up hard. The sector is so miniscule; we ONLY need a very, very small portion of investors to seek safety & hard asset value to move & move big... Rumors & some speculation (and it appears to be just that) that HGMCY just finally may be so Pissed Off at DROOY as an acquisition competitor that they just might take 'em out... and shut Kebble up for good (VBG). If true; given thier 1 Million Ounces of Production & price to reserves & production ounces per share; it would have to be $3ish here imo ? The Miners are right in the sweetspot of consolidation here. I think KGC with their cash & assets and being the biggest 2nd Tier No American Producer gets taken out as well... Both 3-5 baggers potentially if Gold pops... Glad to see SIL breakout today... PAAS is due; I added a bit more today... felt it in the bones (VBG). Silver is due to back & fill to the XAU/Gold move here imo as well... I'll be happy if the OSX just holds OSX 94-100 here if the XAU continues to move... The Bulk of the Gold Carry Trades Short Derivative proceeds were invested long in leveraged US Dollar Trades... if the US Dollar would fall hard & fast; short covering - derivative implosion could ramp the XAU & the Price of Gold.

To: SliderOnTheBlack who wrote (80913)	12/6/2000 8:11:16 PM
From: Second_Titan	Respond to of 95453

Slider Trading vs Intermediate LT holding At OSX 135 - 140 looking into a potentially bullish Winter, after rolling from leaders to laggards from OSX 90 to 140, I took some off the table but decided I would not try to outsmart the market and try to time it with the bulk. Now after a ~6 figure drop back to where I started more or less the market has taught me a lesson I hope not to repeat. I was smart enough to sell 80% of my tech at NAZ 4,600 but not smart enough to do the same at OSX <130. Sitting ~ 100% invested in OSX & E&P. Consolidating into a more manageable 6-10 proven leaders like NE MRL WFT FLC (?Still a leader). I always planned in holding until 1st - 2nd quarter of 2001, So if we return back to 135 - 140 I should be back to my September peak. But considering the volatility of this sector it sure seems being a very active trader can be more profitable and less gut wrenching during downturns.

To: SliderOnTheBlack who wrote (80913)	12/7/2000 6:55:01 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

Slider, I couldn't agree more. The trend is not your friend. I began to liquidate everything except SMOP yesterday morning when the OSX rallied briefly. "I honestly think I've finally internalized my "lessons learned" from 97-98; as I honestly feel "over-exposed" re-entering here to just a 30% Oilpatch position in this broad market weakness & our dislocation from both commodity prices & the underlying fundamentals and earnings" Until we see a reversal in the following trends, I'm 100% cash. 1. We continue to see lower lows and lower highs in virtually all OS stocks. 2.Market leaders like RIG collapse after 5 upgrades in one day. 3. Still have some year end tax selling. 4. Many OS stocks continue to hit new 52 week lows, most of the market leaders are off more than 40% in the last six weeks. (Stocks off more than 40% from 52 week high: PKD, GLBL, HAL, WFT, UTI, VRC, FLC, RIG, GGY, ATW, NE, GRP, MDR, ESV, RDC, FGH, PGO, WG, MVK, NSS, UFAB and many others) 5. Oil no longer in a bull market 6. Oil will probably be below $25.00 before you realize it. Oil prices are determined more by the speculative hedge funds than market fundamentals, and it is hard to predict where they will end up once the oil bull market has broken down) 7. NG prices are speculative 8. Investors are selling on the news (they always do). 9. OSX sells off on the NAZ rally and sells off on the NAZ sell off. I hope to buy back after the later of, oil prices have a clear bottom or February/March 2001. Jim