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: waverider who wrote (27206)	8/6/1998 4:44:00 PM
From: Wayne Olive	Respond to of 95453

>> I'll be out with my 10% loss rule kicking in. << Wise words from the <H>ydroDiamond... While I exited the drilling sector on the announcement of Opec Round One (March) production/reduction alleged cuts with nice long term gains on RIG, etc.., I could have prevented significant losses on a couple other investments in other sectors if HydroCarbon Rick's Rule of 10% Loss and Exit were followed. I had wondered why <H> left the sector so quick on his last reentry, but in doing so, he saved himself significant losses. In hindsight, <H> made a good move. Wayne