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

To: waverider who wrote (13805)	3/5/1998 4:36:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 95453

Diamond, Is this the post you are referring to from last night? Call me silly but the last line sure does sound bullish in nature and oh, my goodness does he say "new commitments SHOULD be in Oil and Oil service...." Why yes he does. Diamond get your facts strait before you go posting the wrong information. Wednesday, Mar 4 1998 11:39PM EST Reply # of 1455 To All: Tom Dorsey's advice to you on the techs... Have faith in the techs. As we have said many times before, we normally see topping action in Jan, Feb, Mar. Techs are generally the first to go and the first to bottom. The Semi sector had risen close to 68% and the higher it gets the more defensive we need to become. The play was when the Semi's were below 30% but no one was willing to listen. I would plan at this juncture add to positions in solid, fundamentally sound tech stocks on the first buy signal off this decline. If they take a body blow tomorrow many of them will simply move to support and nothing else. Intel at $74 is at support. Dell no problem at all as it is in desperate need of a breather. IBM (where is my pal on CNBC when you need him?), I say again, get rid of it at $95. IBM will go down with much protest and at $95 other symbols will look better. Compaq at $28 in after hours trading is at support. Ok to buy. Breaks support at $25. Texas Inst. could fall to the trend line at $47, again buy more on the first buy signal off the bottom. Micron is still below the trend line and pullbacks would be normal. Micron is for traders only at this juncture although I like the Shakeout Pattern it has now. MSFT at $79 in after hours is only presenting a nice pullback to support. I would say don't get trapped up tomorrow with the sheep. Watch the P& F charts for the next buy signals off the bottom. For those who are tapped out of cash you might consider initiating an in the money leap on stocks that give that first buy signal. Only buy as many calls as you would buy round lots of the stock. Do not overleverage. New commitments should be in Oil and Oil Service for now. Tom