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: MetalTrader who wrote (87436)	2/16/2001 11:07:33 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Metal... I'd agree on "averaging in" - widely gapping entries vs. jumping in with both feet - but with one caveat; into tech's that still do not have "bubbleonian" valuation multiples - ADCT with no debt & a Billion in cash & a PE of 10-12 is one. I just think that "greenspan" saw a "ghost" and I think I know what it is... and we get a MOABO before it's over. I'd love to go fully invested with at least a 40-50% tech portfolio weighting and into margin on that type of a tech opp - when we see CSCO JNPR CIEN with PE's of 25-30; then it's no-brainer time... I just prefer to be short some selected stocks here, keep lots of cash - still playing my Gold Stocks and trading oil - allthough as of this second - I own not one penny of Oilpatch stocks - all sold. I was hoping for a 5-7% OSX pop and then would short it; but that isn't happening - I still think we might rollover to OSX 115 and if more economic news keeps coming & pointing to the downside - I may sit on the sidelines in Oils - as an OSX 80 type of mid-cycle bottom test into the face of a recission/no recession market tsunami is not a place to try to be a hero imho. 60% Gold/PM stocks, 20% Cash, 20% short tech & "WATCHING" & "WAITING" on everything else. May short 3-4 OSX stocks here shortly - not a buyer in Oils untill OSX 115-122ish & then ONLY if the smoke clears in the broad market.