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: joe smith who wrote (23054)	5/29/1998 2:50:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Joe, my attitude changes almost daily. <g> Actually, when I saw the channel in oil prices a few weeks ago, I started to sell to protect my profits. With all the confirmation of pressure on dayrates, I feel the equipment and service guys are the best short term plays. I've been looking for a good volume day to confirm a reversal, and yesterday was strong volume for several players. I'm just very nervous about the market and oil. Long term, my view hasn't changed, but by playing the short term game, I am able to buy a lot more shares than I would have if I had held through the decline.