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

To: nspolar who wrote (10375)	4/2/2002 1:31:12 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

["Just trying to figure out how this gen market correction is going to affect other things."] ...I'd re-phrase that as - "just trying to figure out WHEN the general market is going to affect EVERYTHING (other than gold/silver)" When, not if... We will have a Derivatives Crisis that will become a market history chapter... JPM's stock was beginning to reflect the potential of an uncontrolled meltdown...ie: "Too Big to Fail, but Too Big to Bail"... and THAT is reality and one we're going to see unfold imho. I can't imagine a more dangerous confluence of of Rogue Wave catalysts than what we have now... a still dramatically overvalued market on any & all historical metrics, still insane positive market & economic sentiment, an investor class that is still basically "all in"... a propped up market, a propped up US Dollar, a Japan that is ready for it's final downside crescendo, a 9/11 part deux reality that is totally discounted by the US Markets, Mid East War that is totally discounted by US Markets and public sentiment and a still supressed & manipulated Gold Market that is the tip of the Derivatives Volcano and a still crisis-environment for debt & credit quality and corporate earnings. The Gold cycle is just starting folks... this train has a long way to go & unfortunately it's blue-sky potential upside yet to come is going to come atop the backs & carcasses of a soon to be decimated investor class imho... as all roads still point to REALITY and "reality" means DOW 6,000ish and a triple digit NAZ. ...we shall see

To: nspolar who wrote (10375)	4/2/2002 5:00:43 PM
From: isopatch	Respond to of 36161

ns. He gave you good advice. During my early years in the business, my mentors also stressed to me the importance of keeping some cash in reserve. No matter how sure we are of our big picture, sector or an individual stock read? It's important to provide for the eventuality that great buys will surface when you least expect them to do so. Of course, in a major bull move, my cash level is relatively small vs what I hold during a bear market like last year. But almost always have somewhere over 10% in cash set aside to take advantage of great buying opportunities. Glad you still have your EPEX. We did great today with that little gem ramping 7.4% !! siliconinvestor.com PENG also had a good day. Up 5.5% siliconinvestor.com Very very few on any of the SI or Yahoo threads (I occasionally read) picked up large positions in any of the top quality sm cap US gassers near the major low in February. These are great little companies. IMO, there's going to be more than a few 100 and 200+% gains in those stocks for those who're in them with very low cost basis'. Isopatch