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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (28732)	1/29/2002 9:48:56 PM
From: isopatch	Read Replies (2) \| Respond to of 52237

Hi Terry. Agree. Under normal circumstances would be looking to add on the dip. But this may be a somewhat bigger dip<g> At least for the ST, am stepping aside. Started selling what looked like the most vulnerable of my energy positions Friday. And continued with a lot more selling yesterday. Decided this morning a confluence of negatives will impact even the better OS plays. So exited HOFF at midday for a nice one month gain. No question, may leave some $ on the table, if a decent earnings report in HOFF combines with a good DCB in the broad stock market tomorrow or the day after. OTOH, the risks that prompted me to begin selling energy positions on Friday, continue to grow. Today the NG counterpart to the to OSX, the XNG, broke down. IMO that's going to exert some downward pull on the OSX. Combine that with more downside likely to come in the broad market indices and decided it would be wise to play it safe; take the good gain and stand aside in lots of cash till the dust settles. Cheers, Isopatch