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

To: Lazlo Pierce who wrote (17454)	4/1/1998 1:10:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Who ever said the funds would be coming in after last Q ended was right on. Yes, I believe its called "window undressing" for those taking it in the shorts.:-) Baird

To: Lazlo Pierce who wrote (17454)	4/1/1998 1:17:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

>Who ever said the funds would be coming in after last Q ended was right on.< That be me...yesterday. It just made sense. I wrote: >>Another WILD prediction. None of the mutual fund managers want to have oil stocks in their portfolio for their closing quarter today...none of the mo-mo guys anyway. Starting tomorrow a new quarter begins. A possibility here is that they might begin to nibble tomorrow, but not until. Another wishful thought in the oilpatch.<< No brilliance, just a lucky guess based on past history (and my hopes). However, last night I pondered what Ron was saying about being out and his reflection on his charts, etc. and began to doubt myself about all the conviction I held about the long term story here. Ron, your timing tools have been quite accurate and the detail in which you approach it all makes a very convincing story. The temptation to try and time the next drop was very appealing. But I went back to my own damn posts and the reasons I bought into this sector and decided the hell with it and went to bed. I checked the market this morning and the old, "maybe you should buy instead of sell you idiot!" song started to dance in my head. Well, I didn't buy because it would have pushed me over my margin comfort...but the main thing I'm trying to say here is something I know all of us have struggled with: When the creeping doubt begins to chip away at your reasons to hold a stock, analyze where it is coming from. If you bought for fundamental reasons, stick to it. Don't let charts, chatter, or the press wear you down. Stay the course. You can time things right once and awhile, but the really big money is found by STAYING THE COURSE.