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

To: RIK who wrote (91111)	5/23/2001 11:36:52 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

To answer you question -- YES! Yeah, I'm watching in disbelief, the big guy on this thread has made some ballsy calls, so are some of the newsletters that I respect and follow. Moreover, I refuse to give anyone a price target on my favorite stock (Tesco) because I know from past experience how fast the oilpatch can retreat, and why Tesco is so conservatively managed. Regards Frank P.

To: RIK who wrote (91111)	5/23/2001 11:41:19 AM
From: Roebear	Read Replies (1) \| Respond to of 95453

RIK, Don't know who you were referencing, but, just to clear things up, I'm not daytrading gold stocks in this market, I'm holding as I've made plain here. I'm also holding some energy and am watching the OSX closely as it is near breakout levels. So, want to compare returns from April: Message 15603626 Yeah, I know it's not a gold thread, but since most offended folks left, guess those who are left can focus their attention wherever we want. Which will be where the money is. Go ahead and make fun of gold, that'll be a golden crow you'll be eating this year! Watch the hit and run posts, you'll be on ignore on the next one. Roebear

To: RIK who wrote (91111)	5/23/2001 3:32:26 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

RIK [So you have reduced your exposure to O&G stocks in the middle of an energy crisis ] What energy crisis ? ... oil & gas are in greater supply than we've had in months, or the last year - Oil is back to levels indicative of $18 Oil. There is a "DEREGULATION" crisis in California - to where the ultilities couldn't buy forward contracts and/or hedge their Nat Gas.... what were the legislators thinking... some MBA Investment Bankers knew what would happen & the Utilities got it broken off deep & someone made a helluva lot of money on this gig... But, there's all the gas, gasoline & crude oil that anyone could ever want... yes; the futures trading pendulumn is still in the bullish mode; but it won't be for long... not with these API & AGA build & NOT into a continued slowing economy. The bet is that the Fed cuts are going to get the economy back to speed & do so quickly. Don't watch the Fed Cuts... watch the API & AGA #'s... that's what you need to be trading on. remember; this is, was and will allways be - first & foremost; a cyclical sector... tic - toc~ PS: ... "we" are NOT - "a bunch of daytrading goldbugs" ... we are mercenaries... it could be gold, oil, soybeans, coffee, or steel stocks - it doesn't matter... no gold bugs here; it's just that gold has been part & parcel of Greenpump & Rubin's interventionist program & the Street got way, way toooooooooo greedy on the gold carry trade/derivative game & we saw the opportunity & we see the writing on the wall. PS: the only way anyone will get out anywhere near the top of this oilcycle is to do so into total criticism - to be in the vast, vast minority - it's allways been that way, it is here and it will be that way in the next cycle. PS: Rising supply & a slowing economy do NOT make for a winning trading recepie in the 'Patch...