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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (28181)	8/23/1998 10:55:00 AM
From: NucTrader	Respond to of 95453

>>If you want to make a fast buck overnight, Oils ain't the place to be<< No so sure. Short them! My choice: my old long favorite, CDG. cbs.marketwatch.com

To: Fredman who wrote (28181)	8/23/1998 11:46:00 AM
From: waverider	Read Replies (3) \| Respond to of 95453

>>Yep. If you want to make a fast buck overnight, Oils ain't the place to be.<< What's wrong with making a fast buck? >>But if you want in for the LONG HAUL, i don't think you can pass up all the opportunities out there NOW.<< I built up my wife's portfolio by saving a 35% capital loss this year by getting out of the OS when the trend clearly showed downward momentum. Look folks, my purpose here is to hopefully pound into some of your thick heads that you can still lose a significant amount of money in this sector. All I read on this thread anymore are ridiculous proclamations about the long term, rebounds, bottoms, and how can the market continue to ignore the value presented in this sector? All the while, we continue to make new lows. If you must invest here, at least wait for some kind of technical confirmation of a bottom. This craziness of rationalizing lousy investment decisions is only go to lead you all to the poor house. Learn to cut your losses and let your winners run. <H>