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

To: Second_Titan who wrote (86507)	2/6/2001 11:07:54 PM
From: excardog	Read Replies (1) \| Respond to of 95453

007 Not sure where I fit in on your bull/bear gas price senario here on the thread but I would like to clarify my position in that short term I'm leaning bearish on pricing longer term bullish. Even $4 natural gas is a lovely thing for producers but the price drop will affect stock prices in the short term. If you are a long term holder things should work out nicely provided you own the right stocks. If you own a company that shoots a few blanks with the drill bit your going to take a hit. I listened to Lee Raymond (EXXON for those that don't know) talk around earnings time and he was asked what he thought oil prices were going to do. His response " they will go up and down" he also said a month was along time in the oil business. So if a month is a long time it remains difficult to be a holder long term. Conclusion for me is I trade. Not daily but more weekly to monthly. Why ride a 20% drop in portfolio value when stock commission rates are as low as they are today. I trade at Schwab which has one of the higher rates and can still move 5000 shares for $50. An example of my bearishness is EOG nice earnings tonight but somebody just went from strong buy to hold: biz.yahoo.com So I remain a long term bull but shorter term mild bear. By month end or sooner may be 60 to 75% cash in my trading account. Different strokes for different folks. Best

To: Second_Titan who wrote (86507)	2/7/2001 4:46:11 PM
From: isopatch	Respond to of 95453

Maybe best is not perma, but flexible and nimble. Am just tradiing the weather rallies with whatever happens to be acting well on the tape when it looks like there's a good enty window. And otherwise recognizing that OS is relatively stronger and probably offers the better opportunities vs the gassers for the months ahead. Other than that. We are in a recession and the risks do extend to the oil patch no matter how good "current" fundamentals admittedly look. So a healthy cash reserve is prudent. BTW, Frank is thoughtful, low key guy who I respect. In no way would I lump him in with the abrasive max margin perma bull(s) who attacks anybody that attempts to present the downside risks of being loaded to the gills with NG E&Ps. OT/Showed my son a Warren Susman quote from 1968 last night. He absolutely loved it! Is Susman still chairman of the History Dept at Rutgers? TIA. Best regards Iso