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

To: rails99 who wrote (31291)	7/3/2003 10:15:10 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Rails. No estimates. My thing is just reading ST and IT ops, as best I can identify them, whenever they pop up. Now that I've taken a lot of large profits in energy, I can have a little fun focusing on other things. So far, just playing for some ST trading scalps in the golds with a little of my profit hoard. My fav, for the moment, is cash. OT/afa summer fun? Recently made the largest and most important additions (to date) in my growing art collection. Like stock picking, requires a good educational foundation from study and DD which I've enjoyed doing, as R&R, for years. This week, we took delivery of a very nice portrait painting from a gallery in northern Virginia. The work was done in 1894 by an American artist with works in a number of mid-level U.S. museums. Although art, to me, isn't an investment but the reward of good trading and investing; can't help but notice that it's a very inefficient market. So, there're excellent values, if you know what you're doing. Like gems or oriental rugs, it takes time and patience to gather the necessary knowledge and instincts to be a good buyer. Guess you might say it's one of the few advantages of getting old.<G> Cheers, Isopatch

To: rails99 who wrote (31291)	7/4/2003 1:28:13 AM
From: jimsioi	Read Replies (2) \| Respond to of 36161

PTR and EENC Whow, looking at that PTR chart, wonder is this just profit taking?? Pull back at today's lows I notice was 38.2% of the move....something around 25.50 is a 50% retrace. From there a partial rally back to the highs? Been working the China market through the closed end fund CHN, which had at last report a sizable position in PTR among its holdings. PTR stockcharts.com[h,a]dbcayiay[dc][pc10!c40!c20!c13!f][vc60][iut!Ue12,26,9!Ul14!Lb14!Lya7,14,28!Lf!Lc20]&pref=G Strike in Nigeria apparently is about to be settled, probably the reason for the give back in Crude from the $31 level. ISO, further reduced EENC position today....average out price is below the close on Thursday. I sense a distribution S/T or intermediate top in the making with a fall through Thursday's lows further adding confirmation to that view. That's an "if" that hasn't happened, of course. There will be a time to be more aggressive, again, I hope. stockcharts.com[h,a]dbcayiay[dc][pc200!b40!i!f][vc60][iut!Ue12,26,9!Ul14!Lb14!Lya7,14,28!Lf!Lc20]&pref=G Down to less than 30% of portfolio in energy...half of that in two CanRoys - Acclaim and Advantage. Comfortable with 25% in cash, likely to be raising more....Fall off in bonds has the potential to spook the markets into unusual action. Good 4th to you.