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

To: BCherry168 who wrote (89967)	4/12/2001 9:55:16 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

BCherry. My work isn't primarily FA so though aware of the continually changing estimates of the various energy agencies, and analysts, their work is more background than foreground to my own decision making. Am NOT a perma Bear OR a perma Bull and have said so here numerous times. I'm focused on hitting important trend changes and then riding the new trend. The flexibility required to play the game that way doesn't come from FA. It comes from studying the market first and foremost. For me, "The tape tells all". Tape action, charts, TA, swings in sentiment and the experience to interpret all those inputs permits a reasonable degree of anticipation of market trends and the general character of the fundamental news that eventually follows market movement. That approach is the key point of departure between me and my friend & partner in crime(g), Professor Bullski. He has an excellent grasp of the macro economic picture. But IMHO that's not enough to know when to start profitably redeploying cash reserves to exploit an important rally. The great importance of keeping a good feel for the market environment is also one of the reasons I always do at least a little trading vs going to 100% cash as some have for months. In the past 2 weeks, have reduced cash reserves from north of 80% into the 60s and my do further buying next week. Exactly a week ago today attracted the usual drunken chihuahua ankle nipping(g) with my post, "THIS RALLY IS FOR REAL". In the week since, have been piling up some very nice profits from longs in CRZO, AEM, REMC and TTN, all purchased during the past 10 days.(g) Don't be a stranger. This is the thread that's way ahead of the herd, and will continue to be so. Best regards, Isopatch