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


To: ViperChick Secret Agent 006.9 who wrote (13739)3/5/1998 12:40:00 PM
From: Ms. X  Read Replies (2) | Respond to of 95453
 
Lisa,
Tom loves it when everyone is bearish. Loves it. That is when he is maxing out the account. Can't get enough of it. Damn right about Oil service and the semi's when they reversed last fall. Everyone thought he was crazy to buy then. Guess what...up, up, up.

You probably didn't catch his comment right after that on the 26th or so. Can't find the link so I'll repeat it for you.

"You trade on the relative postion of the Sector. The bullish percent is designed to show risk and a low bullish percent as in Oil service suggests low risk. That is how you evaluate it. Then look at HAL and you see the stock has pulled right back to support.
The long term trend is up so, low risk, chart at support, fundamentals intact = buy the damn thing and then manage the trade. In investing there are many right answers. The reversal bakc down in Oil Service was due to the Iraq thing and an opportunity. I recommended oil on TV the other day. Tom" His recommendation would have been on CNBC Feb 23rd.

All the best,

Jan