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

To: SliderOnTheBlack who wrote (88914)	3/20/2001 10:52:04 PM
From: Archie Meeties	Respond to of 95453

It's exactly because this looks like a repeat of the Asian Contagion that I think OPEC will overshoot with the cuts. Of course if they do, that means growth stalls even more... No seriously, I haven't had anything to do with an oily production outfit for a while (unless you count PRZ warrants). The few gassers I have are a gamble - the gamble being that they attend the time-honored energy ball in late March-April. If they do, I'm out (but not short). If they don't, I'm also out (and maybe short). It's a gamble that I'm more than willing to take because the rest of the market looks bleak and my costs basis dates to late '99. You're calling it being greedy, looking for the last little 1/16, etc... For me, re-entering the patch late last year was just the best place to park my money while this bear did the nasty. It could have been cash. To be evenhanded, the recent runup in the buck puts cash almost at par with the XNG, but not even close to a well chosen OSX port (you know what I liked and when). Gold, yes, but the more I think about it, the more I like the physical and the juniors with a high asset/production ratio. We won't finish this bear without at least one big gold spike, and after all this preparation it would be a shame to miss it.