Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Art Bechhoefer who wrote (92536)	7/18/2001 2:59:34 PM
From: isopatch	Respond to of 95453

Impossible? No. Just get much better returns from making the multi-year cycles and Intermediate 1-7 month cycles within them work FOR instead of AGAINST me. Doing that makes more sense to me than riding them out, always fully invested. Some really excellent ST traders here. But that's not my thing. Personally? Don't like to do a lot of short term trading. That DOES require a lot more time looking at the CRT than I could stand.<g> Am very selective in what stocks I buy. Once you have a good handle on where you are in the important cycles, stock picking is "Job One". Welcome to the group. Isopatch

To: Art Bechhoefer who wrote (92536)	7/18/2001 4:51:06 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 95453

Art, I am sure you are aware that many intelligent people think that there is a great long term future for energy. It has been mentioned that it is a cyclical business and we are now in one of the down cycles. But, never forget that XOM makes BILLIONS of profits in good years and and only a measly few hundred millions in bad years. I too am basically a long term player, but it makes sense to me to wait until these guys call a bottom before buying. After all, that oil has been down there for millions of years and a few months or years won't make it go away. Unlike tech, there doesn't seem to be an alternative product on the horizon to obsolete hydrocarbon energy. I am wasting my time now shorting some of these overvalued energy companies to learn how to play the other side of the street while I wait for the next cycle. Mostly you turn the charts upside down, but there are a few other tricks and problems. Best to all, John