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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (563)	8/24/2001 8:04:36 PM
From: isopatch	Respond to of 36161

Agree George. I was wrong predicting an Intermediate Rally for the NG stocks about 10 days ago. A day or two later posted here that I'd been stopped out of 2 of the 3 stocks I'd bot based on that call (CRZO and PDS for a very ST gain) and "pulled in my horns". Naturally am disappointed. But when you're wrong in this biz, and we all are now and then, you sure find out fast<G>. The trick is to calmly and quickly exit holdings that are purely sector sensitive when Mr Market tells you you made the wrong call. The only stock I hold and added some to this week is EPEX. IMHO it's a special situation with great LT appreciation ahead of it. In addition to strong financials (zero debt) and an excellent record of success in operations, EPEX has exhibited very strong insider for an extended period. I've only seen insider accumulation this powerful a handful of times in the past. Each time it's resulted in major appreciation in the stock price within 12 months. Because, like my last patch special situation LOILY which ran 50% while the rest of the patch tanked ytd, EPEX could begin at any time in spite of the horrible market conditions in almost all the other patch plays I've looked at. With that in mind I've accumulated about 70% of a full position. With NG breaking down did have decided to hope for a further drop in EPEX before I fill the position OR go overweight.<G> Also like LOILY, EPEX is a sm cap that trades relatively thin volume. So anyone interested in buying some should average with small buy orders ONLY over several weeks. Cheers, Isopatch