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

To: Frank Pembleton who wrote (1953)	9/21/2001 7:45:41 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

re: panic & "fire in the theatre" ... thanks to the ESF/PPT - we don't know if we had "panic" - the DOW could have easily fallen 700 to 1,000 points each of the last couple trading sessions - "IF" the PPT/ESF had not stepped in. We've been witnessing literally - the most stabilized & intervened upon market in history... we have no idea (well, we may) where the markets would have fallen to here - without this intervention/stabilization = manipulation. The "trap door" is hanging by a thread here... we probably need a "crescendo" day here - a 700-800 point blow off day on record volume for a little DCB/trading bounce; or at least a momentary stabilization to the market. But then, I still think we'll see a continued slow grinding Bear and DOW 5-6000 and NAZ 900's is where I think proper/fair value lies...given merely historic valuation multiples, let alone this economic & geopolitical environment. tic - toc ~ Gold; how much ya got ?

To: Frank Pembleton who wrote (1953)	9/21/2001 10:35:40 AM
From: Roebear	Read Replies (1) \| Respond to of 36161

Frank, Tentatively buying select energy stocks here. I believe there is a lot of possibilities to your 100 buck oil scenario, though I'm not even hinting at that as a target, OSX is holding it's 62-63 support level well. Market may be throwing the baby out with the bath water here with the energy stocks, investors are stunned indeed as VIX climbs to record levels! Just a guess, could be wrong, but how far is the downside here, oil and ng have a limited downside, IMHO, for pete's sake we ARE talking military activities in the middle east ya know people! Enough bargains there in patch to make for a value stock Buffet type approach. Buy and hold getting to be very contrary here, so attractive to me on certain issues. Speaking of which, Holding gold positions! I am thinking of this as a hedge with a lot of possibilities, gold and energy! Had a longer post on this last night, literally fell asleep in the preview stage of post and lost it, lol! Best Roebear