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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Alias Shrugged who wrote (2723)11/5/1997 11:38:00 AM
From: Thean  Read Replies (3) | Respond to of 95453
 
Mike, I typically pick 1-3 drillers at the beginning of each short term cycle and sell them when their TA's go into overbought territory. Never short the drillers and wait till the TA becomes favorably again. This system has worked very well this year with the exception of last month before the crash when the drillers really took off without pause for a long stretch. My holding period in any driller typically is between 1 day to 3 weeks. I tend to pick the ones that got punished the most from pullbacks. The key to this approach is discipline and keep emotion totally out - not an easy task. Good luck.

Thean



To: Alias Shrugged who wrote (2723)11/6/1997 12:08:00 PM
From: Judy  Read Replies (2) | Respond to of 95453
 
OFF TOPIC

Hello, Mike

Was skimming the thread and saw you here. Some weeks ago you suggested USF as a possible long-term investment. Value Line also endorsed it when the stock was trading at 41ish. Trading at 34ish now since it dropped on earnings report.

Your views of its earnings report please, and is USF a value play for the long-term still?


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