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

To: Razorbak who wrote (83093)	12/30/2000 3:36:57 PM
From: JagBrad	Read Replies (2) \| Respond to of 95453

Razorbak Sorry for the delay I had to get some firewood for the long weekend. I had some positions in oil such as OXY FEB17.5 calls (OXYBW) that I closed on the 28th and a quick in & out of PKD, bought BJS @50-1/4 and jumped out early at 67. The OSX in the 90's with the fundamentals saying differently was a little unnerving. Basicly I watched too long and missed the takeoff and wasn't going to chase it and get whipsawed. Been there, done that and paid for the education to many times. I do believe we are at the end of the 2nd stage of a bear market and I am hording my cash for the sale prices of a life time. So where do I stand??? My Guess ??? Looking to see how January starts, this will give me a read of what the market wants to do. If I hadn't missed the takeoff I would have cashed out most of the OSX profit soon as gas & oil is short term always pulls back. Now I wait and see if joe investor wants to jump off oil & gas early and spin the wheel on tech. One thing about oil's they go up and they go down. This year I have played short term and had the best year of my life. Thank you all here on the thread!!! I have to credit Slider for bringing this all into focus a number of times. He sure was right about the last OSX pullback. What ever the flow does I will try for the next ride. As far as investors going to high cash on the sidelines they have not been playing energy. All the talking heads told them it's going back to $10 oil. They see their fund reports and are scared shitless. I think the smart ones have their cash on the sidlines. We have to have buyers to have a rising market. My Short term: Oil & Gas up then Oil & gas down. Gold & Silver down then Up Up Up ( I think) Financials are going to make a brief pop and then time to short big time. Longer Term: Almost time to buy / option the techs, investor sentiment is about right but not enough pain yet. As far as sitting on the sidlines not a problemo. I have time and I have fun tickets. #1 priority protect the cash. Razorbak, I hope you and yours have a Happy New Year, Brad