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: wggm who wrote (14845)	3/15/1998 12:32:00 PM
From: RGinPG	Read Replies (2) \| Respond to of 95453

You are right, the charts do look terrible, just like they did on 12/23/97, 1/12/98, and 2/26/98. They all had good rallies shortly thereafter. I'm no TA expert, but I can recognize patterns (and I know how to test and develop trading systems using software). I believe these companies are fundamentally sound (with the possible exception of the land drillers, and maybe some boats), so I stay mostly invested in them. I have been trading 20% to 30% of my portfolio in this sector because I agree with Lucretius, these stocks will be in a trading range until the price of oil begins to stabilize. Once this happens, I will be trading much less and just investing instead. The stochastics have been uncannily accurate in predicting tops & bottoms in this sector for the last 4 mths. I will continue to use them until things change significantly. An official buy signal does not occur however until the stochastics begin to turn back up, which has yet to happen for any of the stocks I trade in this sector. I'm guessing it will happen soon, so I bought last week since I'm a long term bull on this sector, I don't want to be out long. I'm back in from 70% to now 85%. When I get some buy signals I will be back in 125% (with margin). rgdoczzz.home.texas.net