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

To: marc chatman who wrote (30943)	10/20/1998 3:44:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

***marc; we may see a 5-10-15% dip here in indiv stocks per Stoch's Ron's site looks to be ominous ! I just closed out/sold some quick pops that I had here. I did very, very well on the Aug-Sept Run; but got greedy and used max margin on a couple of late trades and got all my profits wiped out. I traded here again and ran these ''pops'' up again; I am NOT losing my gains here again. The funds/Institutions are in & out as the wind blows; and people, - THE WIND IS CHANGING HERE ! Be carefull ! I do see a little retracement. I am ''TRADING" here so I just closed out a lot of positions - now 65% cash - that's a first. I just see a couple of active trading bounces coming - if FGII hits $10 - I may make a huge play... I see it trading from $10-13 & I'll take those $2-2/12 moves - and will be poised for the breakout to $18. Crude's action scares me here - so when I can't figure out what's going on - I'm backing off. For buy & hold long term investors - still good dips here and many are still way undersold like HLX as mentioned. There is no real reason to sell most oilpatch stocks here unless you are actively trading - so don't interpret this as a paniac; it's not... BUT - for my stocks that got some big bumps here of late - they are gone (not RRC though !) ........CASH. But - I AM '' trading'' here; that's not what would be best for many others. I cashed my chips on a couple of nice trades. I want another opportunity at FGII @ $10 and RIG/RON @ mid $20's....PLEEZE ! Be carefull people - I smell it coming - marc & Ron and others were right here... Ron - I was 60-40% leaning toward holding here, but your stoch charts convinced me - cashed out a few...I owe you a cold one if you're right; and I think you are. I am ''likin'' those stochs ! ... "TA" who'd thunk it... I am a TRADER here for a while - Guerilla tatics- In & out. Also; the #1 market timer for me is John Bollinger - he (on CNBC) just called for a ''breather'' = maybe a 2-3-4 day sell off - then in again... a Bear Trap !!! PS - do Abbot & Costello have a ''private'' 2-way going here or what ?? <VBG> ...anyone catch on ?