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

To: Thean who wrote (7890)	1/13/1998 5:22:00 PM
From: RealMuLan	Respond to of 95453

Thean: do you know when the earning will out for GW? Thanks in advance.

To: Thean who wrote (7890)	1/13/1998 6:09:00 PM
From: bw	Read Replies (2) \| Respond to of 95453

Thean...Since this forum is a resource for obtaining information about the market and also to educate ourselves by comparing trading strategies, let me throw this scenerio into the ring: Today took long positions, without going out on margin, in FLC @$26 3/4[80%] and MDCO @$15[20%]... Last year I traded over 10 mil. of stocks, and came out up only 10% on my principle for the year. Made money with the drillers, but lost on techs, dumb stocks, etc... This is my new strategy. Hold these stocks with a 1 year investment horizon...tune out on the daily fluctuations, and focus on the 3-5 year uptrend in the sector. This will require discipline that is contrary to my usual style, but I am convinced that just putting in sell stops somewhere in the +50% range up from current levels will achieve this kind of profit sometime before the end of '98. Without the worry of margin calls, and saving the $6,000 in commissions paid in '97...I think this goal could be achievable..[and could save a case of the glens] <g> Thean..knowing my past investment style, and having shared views that have normally favored trading in and out of the drillers for max. profit...what's your opinion of the chance for success here? This will probably mean tuning out on SI and RT quotes should the plan be implemented! Open to all comments,,not just Theans..