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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Mandinga who wrote (504)	7/2/1998 3:25:00 PM
From: MarkM	Respond to of 1153

Now is a good time. I've never been able to pick an exact bottom, but I've learned that you don't have to. Just be close. TMAR is an excellent value that is bottoming out. Oil prices should start to rise near the end of August. A July 31st commodity report will give indications if the OPEC cuts are having the intended effect. Winter coming. Ocean's colder instead of warmer this year (may mean a colder winter). BUT ... some OPEC'ers may cheat. Blah Blah Blah Blah Blah Blah. You've heard it all before. However, when the Blah is true it's time to buy. I made a foolish mistake of diversifying into the oil sector recently without doing my proper homework. I bought TMAR at 21+7/8 and planned to hold for a year. But it sunk to 14+7/8 (groan!). Never to back off from a challenge, I took serious stock of the situation and said to myself: "PAIR is in the pits too. But PAIR has better upside potential". I took all my TMAR, sold it, and bought PAIR at $13.5. Take a look at the PAIR chart (ha-ha). Now that I've gotten all my lost TMAR funds back I've bought back in at 13+3/8. I'm happy to wait on this one for a longer-term return. Personaly, I thing $13 - $14 is a good entry for a mid to longer term hold, (ie: 3 - 6 months). Good luck. You'll need it.