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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (4435)	1/7/1998 8:25:00 PM
From: Kerm Yerman	Respond to of 24927

Serge / Thankyou Really appreciate the kind comments. These are trying times for all of us who are maintaining positions in the oil and gas sector. It's been five years since I began investing in the oils. When I first entered the market, shares had not yet begun to move up - then flew and came crashing right back down. Much the same as in the last 12 months. Thereafter what I picked up on was that the larger companies recovered quickly while smaller companies lagged behind in performance. I think that will also happen this time around and, was the basic reasoning in the restructuring of my portfolios. The concept was initiated to soften the blow of any further downturn in the market. As witnessed in the past couple days, a steep market correction doesn't discriminate. No such thing as good and bad, just plain ugly. You guys are right in your thoughts regarding outspoken market sentiment as seen by the brokers, analysts and anyone traveling those circles. It's a sign that time is drawing near to consider buying opportunities. It's a contrarian approach, but has some merit. We have analysts, and then we have surfers. The surfers ride the wave of sentiment in the markets. In my opinion, we have to many surfers and just a few good analysts. One piece of advice for all that I do want to mention. Do not attempt to time a bottom. A friend just sent me this comment -- beware of bottom picking, you'll often end up with dirty/stinky fingers. My way of thinking regarding investment strategy, begin accumulating shares periodically. The cost averaging over the next 6 months will look pretty smart when you look back two years from now.