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

To: Thean who wrote (2741)	11/5/1997 12:42:00 PM
From: Alias Shrugged	Respond to of 95453

Thean Thanks for the response. How have the events in the general market over the past two weeks influenced your views/trading strategy, if at all? Thanks again. Mike

To: Thean who wrote (2741)	11/6/1997 10:45:00 AM
From: bw	Read Replies (1) \| Respond to of 95453

Thean...On down days with the drillers, it seems that one of the best of these stocks to day-trade long is GW; It seems to thrive in a down market. Comments? ****Between your market timing abilities, M.Simmons working knowledge, and all who participate...this board really shows off the best of SI. thanks to all ..four stars!

To: Thean who wrote (2741)	11/6/1997 11:46:00 AM
From: Judy	Respond to of 95453

Hi, Thean Stocks in a secular bull market (such as the oil drillers and services the past year) usually trade within their channels while backfilling/consolidating before a prolonged breakout. Have you found trading the short-term channels more profitable than buying in the oversold territory and then waiting for the next breakout? In the semi equipmakers (while they were in a strong uptrend) the second strategy would have worked better for me. On AMAT I would have made more with less effort just holding for the breakouts rather than the multiple times I traded in and out. Of course a nimble day/week trader would have done much better, but that trading style is a bit more stressful for most. Thanks for your views.