Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bazmataz who wrote (8290)	1/15/1998 3:41:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 95453

Barry- I ain'tno forecaster but looking at the ta on RDC I'd say sell.THe loss of gains today bodes really negative and cci is heading south.My opnion:Strong sell.I say tomorrow it's going lower.GD

To: Bazmataz who wrote (8290)	1/15/1998 4:39:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Barry, I second all Glen said. He is my mirror image right now. Believe BW is another image too. It is true that most of us have some long term positions that we feel we should hold on to because if we sell we lose money. However, we still have some money left for short term trades. The way I see it, this sector is stuck for a while. This "a while" may last a month, may last 3 months. I have already bought into a trading range scenario for the next 3 months to be conservative. Therefore, holding for three months or 1/4 of a year is dead money. With the cash we have, we will put it to good use. I see the drillers gyrating up and down in a 10-30% trading range in each cycle. We can go long, we can go short, drillers and everything else. Cash is king in the down cycle. Bottom fishing is king at the bottom. Taking quick profit is king in the up cycle. Then the cycle repeats many times over. We have discipline and we need more. If we sell and the stock rebounds, we get back in. Timing the market may seem difficult, but for Glen, myself and BW, we actually time the short term swing quite correctly most of the time. Haven't you noticed the daily prediction of where we open/close tomorrow on this thread? Since I follow this thread so closely, I can say our short term consensus is more true than not. We will never miss a rocket rally when it comes. We are too smart and have too little pride to miss it. Let's believe in ourselves. All our work here is not for consolation alone. I firmly think we can beat the odd. Done it last year on the drillers by active trading. Will do the same this year. 1998 is going to be a very difficult year. One can buy a Dow blue chip and see its price unchanged at the end of the year. I'm not surprise to see our drillers go unchanged a year from now. It happened in the last 9 months, remember that. However, it will definitely not stay flat from day to day, week to week, month to month. IT WILL GYRATE. Now, think about this likely scenario, then decide what you're going to do with you SHORT TERM money. Keep the LONG TERM money long. Make a split, be smart.