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

To: Art Bechhoefer who wrote (92402)	7/17/2001 10:32:58 AM
From: isopatch	Respond to of 95453

<I take the long approach because I believe it's almost impossible to predict shorter term fluctuations with sufficient accuracy to make the effort of being glued to a computer screen almost continuously worth while> Stick around OR ask those who've seen us do it.<g> ST to very ST? Sure that involves staring at the CRT more than you or I want to. But Intermediate Term holds? Nope. Take Elvis for long walks around lunch hr almost every day. And occasionally, when I've got a strong handle on where the day is headed, take off for hours or even an entire biz day for fun and R&R. The moneys no fun without plenty of time to enjoy it, so I do my best to avoid a lot of ST work.<g> Cheers, Isopatch

To: Art Bechhoefer who wrote (92402)	7/17/2001 10:38:57 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 95453

those are extreme examples don't you think? and in a fundamental sense undercut your own strategy. and if you are managing money for others, let alone your own, do you not have an obligation to sit on your computer every day, if that's what it takes? After all, you are being paid to do that, no? If you applied your long term view to classic down periods historically speaking in the markets generally, you'd be locking your clients into an investment strategy potentially quite dangerous, no? Conversely, you do not appear to be offering the idea of franchise and return either vs. buy and hold over buy a compelling value and sell it when it is no longer compelling... no? If the cycle for oil, as some suggest, all other things coming true, is deeply downward at the moment, where is your compelling argument on behalf of your clients? Apologies in advance if I have misunderstood you.