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

To: JagBrad who wrote (88221)	2/28/2001 2:05:30 PM
From: isopatch	Respond to of 95453

Hi Brad. Just sticking to my plan. Very high cash levels in a Tsy only MMF. Occasional ST trades when I see a good risk/reward to play. A few LT special situation stocks in the patch. And that's about it. IMHO the key to getting through a Bear Market is not to try and trade like it's still a Bull Market. Sounds so simple that it's hard to believe how many investors fail to fail to adjust their tactics and strategy. But after years of big profits their egos take over and they think they're invulnerable to market risk. So at every major Bull Market top whether we're talking about the NAZ in March of 2000 or the more recent top in the patch you see the same kind of inflexible, abrasive bullishness. Am continuing to stay away from chasing the techs lower each time somebody insists this is THE low(g). We could be getting close to a tradable rally but my guess is that when the final Bear Market low is in we'll be a lot lower than what we've seen so far. I'm looking for at least 1400-1500 NAZ per a post about 10 days ago. EEE announcement yesterday was a disappointment. But on the plus side of the ledger sold my RTN.B today for nice ST gain after a 7 wk hold. And scalped out of PDG yesterday for a decent 3 day gain. Don't think the gold rally is anywhere near over yet. So if I'm lucky may pick off another ST position on this dip. Probably about 75% cash at the moment. Cheers Iso