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

To: Jeffrey Beckman who wrote (30535)	10/10/1998 12:14:00 AM
From: SliderOnTheBlack	Respond to of 95453

Jeff Beckman - ''Bingo !'' Buy on the red & sell on the green ! ....I think we just got our ''EARLY" sell & "EARLY" buy signal system figured out. I'm on GLBL, VRC & VTS like a fly on $&*# here ... Douglas; great posts on the techs; I had many on your list. I like PMCS & VTSS for both short term trading and a long term hold; salivating for BRCM if it blows off on the secondary offering & post IPO lock up period sales. S&L's popped real nice today - when the Fed cuts - "to the moon - Alice !" (Cramers quote...) We are in VOLATILE times. We have Clinton's Impeachment, the Fed cut or no cut, LTCM/Hedge Fund debacles & worries, International currency volatility, Russian collapse, Brazil ?, Japanese Banking Crisis, Dollar-Yen... and on & on. Risk is rewarded; and we have big, big risk here - if one gets it ''right'' - big money here; we are home free if Clinton stays in Office,Brazil gets bailed out, The Fed cuts etc. BUT, if we get it wrong - BAMM - ''Big trouble in little China''... Bad News City.... It's ''Risky Business'' as usual...... it all depends on what ones perspective and risk/reward desires are... For the last time; there is No right or wrong - ''play'' here; it's much more complex than that; it all depends on ones goals, style - risk vs. reward tolerance... I think there is little downside from here in most stocks, to jump on the short bandwagon here is crazy - I applaud those who shorted the overall market of late; but I would cover NOW... Staying in cash is the thing to do if conservative, but we have some Home Runs- possible again from these prices. SCSWF CDIS(started today !) FLC and others are back to where they made some nice 30-50% runs in Sept. We are getting the ''re-test'' of the end of Aug lows & while I no longer think we will see a big turn here (not without $17-$18 Crude) we could very well get another 20-30-50% bounce in selected stocks here just like Sept, only this time - I WILL be taking some profits off the table. I think we trade slowly upward in a stair-step fashion through Q1-2 1999 and untill we see good earnings and we MUST have $18 Crude before we get the "Big" money in here - which will give us a ''March to May'' type of move imho. Good Luck all... How 'bout those damn Padres ? C'Mon NY - don't let me down...Indians NOT. PS Harold; are you ''sure'' you want to buy the most out of favor driller ? I'd nominate GW at 7/8ths-$1 or BDI under $4 - but - WHY ? hmmm; most decimated oilpatch stock, but still with a breath of life - and a potential Home Run ? I nominate CHK or VSEIF - with TCMS & HMAR as the alternates in case the others are unable to carry out their obligations...<VBG>.