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

To: Crimson Ghost who wrote (91955)	7/5/2001 10:24:29 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

George, the more I invest, the more I take RISK into account. If I'm going to become an "old timer" on this thread, I'd better not be taking any stupid chances. :) Speaking of RISK: An Expert's Strategy for a Quick Killing in the Market Steve Maich The Financial Post Thursday, July 5 If you're determined to make a quick profit during the slow summer months, George Vasic may have the plan for you. The UBS Warburg strategist issued a road map for short-term investors yesterday. His advice? Load up on Nortel Networks Corp. [T.NT] and gold stocks and sell cable companies like Rogers Communications Inc. [T.RCI.A] and Cogeco Cable Inc. [T.CCA]. stockhouse.ca

To: Crimson Ghost who wrote (91955)	7/6/2001 9:51:39 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

From: George S. Cole Thursday, Jul 5, 2001 10:17 AM View Replies (1) \| Respond to of 91991 I just look at the model; not the commentary. Experience shows that the only way to make big money in the market WITH MINIIMAL RISK risk is to buy only when stocks are near fair valaution, but buy big at such times. =========================================================================== Great point George... but, that is why "PATIENCE" is such a virtue and patience remains the greatest enemy of most traders. Also, one needs to learn to sell into the "peak of the STORY" - sell the sizzle, not the steak" - ie: for the Nat Gas plays; that peak was last winter at the end of December when the "STORY & the SIZZLE" for the Energy Crisis & the California Crisis reached a crescendo peak... that was when to exit. Anyone who waited for the fundamentals to turn - missed the entire point to profitable cyclical trading & investing... it's allways been about the story & the sizzle and allways will be. You've got to buy into complete & total capitulation and bad news/negative fundamentals & you must be willing to exit and sell into sterling fundamentals , great sentiment and the peak of the story/sizzle... and when you sell & take profits and exit a cyclical sector; if you don't get chastised, flammed & run off the thread - you sold too late (roflamo)... and when you buy - if you didn't get chastised, flammed & laughed at - you bought too late (VBG). This spring - after the 2nd OSX rally was sold off at OSX 135 resistance; did everyone notice how much & how hard they tried to revitalize the Oilpatch/Energy Story "sizzle/story" to sell to the mass public ? The story & the sizzle had allready passed. The rapidity of the supply builds and given we had a GLOBAL economy slowing & not just Asia this time; it was a posterchild final "pump & dump" into still positive fundamentals by the Street on the widows & orphans... the Energy story got one last pump and look what happened - the Institutional players ALL left & exited en-masse.... whodathunkit ? George; I agree with you; I think there is true & classic capitulation coming and if one simply waits patiently for the market to reach true "value" levels - you'll get it sooner, or later.... allways have, allways will... I think we're going to have another full year at least of a slow grinding Bear down to Dow 7500 & NAZ 1000ish. The Fed is going to have to inject so much liquidity that inflation will ultimately HAVE to become their friend & best weapon... The writing is one the wall here - as the market is NOT responding to just Rate Cuts... it is not working and it will NOT work... liquidity is the problem & money supply = inflation... and inflation we shall get; because as the song goes: "you can't allways get what you want.... but, you get what you need...." - and we need liquidity & INFLATION and that of course; endorses the "when, not if" scenario for Gold. We shall see...