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.

Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (11141)	5/18/1998 11:24:00 AM
From: Migbar	Read Replies (1) \| Respond to of 13456

Mark: What do you think of PKD, bougth at 10 3/8, should i sell?

To: marc chatman who wrote (11141)	5/18/1998 9:20:00 PM
From: Christopher Loe	Respond to of 13456

Hey Mark, how are you doing? Thanks for your response on the drillers thread last week. I concur with you on the oil service sector. On Friday I sold PKD, TMAR, KEG because the price of oil was continuing to fall. We all know the market reacts to the extremes and I decided to get out for now with minimal losses. For now, given the short term slide in the market, I am looking to buy a few stocks I have had my eye on for some time. I am looking for a modest decline of 300 - 400 points. Only my opinion, since I have been wrong so many times before. A friend of mine, who I consider a true professional investor, thinks the market is only going higher, although he concedes 100 - 200 point declines reasonable. Given this fact, I will be buying these selected stocks on the dips and holding for 6 - 18 months. As far as the oil patch is concerned, oil will eventually go higher and will make for some nifty short term gains later this year. I am still holding some oils in my IRA. Chris