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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: whperk who wrote (8056)4/30/1998 4:57:00 PM
From: Judy  Read Replies (1) | Respond to of 42787
 
Bill, RIG and VRC shares should do fine, the NE calls depend on the month and strike you hold since there are some volatile times ahead in the market, this sector will move with the market. I have gone on record saying that the drillers and oil services have seen bottom and will not revisit their lows ... posted this on the same day Bob Pisani was whining how the sector was going to hell in a hand basket. He irritated me so much with his whining that I hit the mute botton as I typed the post. FWIW in the week when I posted the sector had hit bottom, I started dollar cost averaging into the Fidelity Select Energy Services Fund and have not watch the individual stock issues closely since.

The valuation is there and when this bull market is ready to resume its course, this will be one of the leading sectors.

CMGI ... is the only internet stock that I'd be willing to hold should the trade move against me. MSFT bought into the company at 14-15 in '97 to get a piece of the internet pie when they missed the boat, and Bill Gates is a brilliant businessman.