Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Second_Titan who wrote (85677)	1/30/2001 1:41:56 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I honestly believe we are already seeing panic brought on by last week's low draws, the drop in NG prices, and fears of a repeat low draw. Buying producers today is actually easier than shooting fish in a barrel. Just put your net near the barrel and they jump from the barrel to the net. If that ain't panic what is? Since I am focused on a longer term than a few days a 10% discount is too good to pass up. Don't care if I hit the bottoms exactly. Just buying the dips, as I have for the past 49 weeks. In three weeks I'll be enjoying a 30+% advantage over the short term traders and can reduce margin usage accordingly.