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: jim_p who wrote (86569)	2/7/2001 2:46:13 PM
From: Second_Titan	Respond to of 95453

CRk Looks like one AGA report mildly bullish and it is running nicely. What were investors expecting? A build?

To: jim_p who wrote (86569)	2/7/2001 4:19:58 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

jim p - you just cost me $100... I bet someone via PM that you'd catch CSCO to the exact tic bottom (VBG). Agreed that the OSX is obviously knocking on Mr. Resistance's door...kodiakbull put the hex on us here; but a nice 20 point run. In this trading range since last May - yes; folks last May where we were at OSX 120... it's paid taking profits on the breakout leaders - those moving 20-30% on a 15% OSX move and either sitting in cash to buy back cheaper; or rotating to laggards . I've sold my GOM drillers into strength here & sold a couple of calls bought on that dip under OSX 100; but I am not selling my RIG, or NR, or most of my PGO, or the old GLBL I still have, the little bit of Freidemania I keep for nostalia-sake; since SargeK is MIA etc... and I still have my EEX - can't sell anything Yahoo's ole' Captn' Freddy is so high on... he likes TVX as well - gotta love the guy... Jimp - I sold my PDE - for a $4 = 20% pop; but am allmost sorry I did; so I kept my PKD & RIG here. PDE along with RIG have so much earnings leverage if the cycle extends strongly into 2002... RIG became my "Franchise" - untradeable/untouchable player after selling most of my other drillers. PKD I bought at $5; missed the bottom; wanted it in a margin account so waited untill it broke thru $5 and hoped to hit that $5 to $7 move its made; but this time - the PKD's - the longtime laggards may break thru their trading range tops; even when the old mo-mo leaders don't.... so I'm holding my PKD - figure a round trip to $5 is worst case scenario; then new highs on the next run. I wish I would have levered RIG here... I've allways loved FLC - allways - loved Cliff's Drilling from the spring of 1998 when it was THE mo-mo stock. RIG is "THE" OSX component play here in a Boom 2002 peak-cycle scenario... $85 if the Boom continues and it looks like it will... The "feel" here for the OSX is a little 10 point "swaggle" mini-trading range - then maybe one last re-test to OSX 118-120 on profit taking - not exit selling, just an absence of buyers into the profit taking; then the March to April/May uninteruppted 35-40 point move that may be the last sane "marginable" move for the OSX that hopefully will take us to new highs of OSX 155-165 and "really" give us cause for a Rig Party - as no one has the earnings momenteum of the Oilpatch here - no one & all we need is for Tech to base in a tight trading range & all the mo-mo money to flow to "Driller-Time" in the ole Oilpatch and with Tech's weakness - and no "all clear" in sight for at least 1 1/2 Qtrs - the stage is set beautifully for the Oilpatch to become the MO-MO sector here - set up beautifully.... PS: "Q" -re: CSCO; quit being contrite - for contrite's sake... think how many people stood there and took in all that CSCO - 2nd highest volume in history and only down $5 ? The reason so many have flamed you of late is you've been caught in too many denials, too many lies & too many mystery -meat, perfect "vacations" of late... be yourself - name the names, speak your mind; you're afraid of being wrong here - when there is no dishonor in being wrong; only in lying & denying and then being wrong to boot...(VBG) ~ Quit the BS, the hystrionics and be "real" - c'mon K Lingerfelt - time to shed the JQP shell and come out of the closet for the 2nd time - if ya know what I mean... Have to like the way the NAZ recovered.... I've become a believer on two things here. 1. That there is so much damn money & liquidity here - that it will take NAZ 1650-1800 to make people go to cash and - 2. With the Fed literally willing to do whatever it takes ratewise & to print all the money necessary to buy our way out of this downturn - we aren't going to see NAZ 1650-1800; so the cash will be put to work and when CSCO hits $30 on what is really not a surprise in earnings, revenue, OR guidance - money will flow into the dip and any sympathy weakness. NAZ did very, very, very well here - given what was thrown at it. I'm impressed - and I didn't want to be.... Don't fight the Fed and don't ignore how much damn liquidity & money is out there & the still undaunted Techaholics... Another Strong Bear - Steve Leuthold has went bullish for the right reasons... I allways liked this guys straight forward approach... he's nailed it too... good risk vs reward turn here for the "Gorilla's & Kings" - but, not the fluff 2nd & 3rd tier players. PS - Don England; ADCT held pretty well today... tempted to add more myself.