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To: Crimson Ghost who wrote (30976)	10/21/1998 11:58:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

George; ...I agree in theory, but too much too fast here imho. Longterm and fundamentally we are on the same page. This is the #1 sector longterm in the entire market imho; 1-3 years out... But, we came too far too fast; without the fundamentals of crude price strength, OPEC meeting news or #'s, Earnings surprises etc. Remember; we were this "Euphoric'' back in mid Sept & got crushed... history has a way of repeating itself & we have much worse fundamentals here currently imho ! I ''aint'' giving my profits back from this run; I'm hiding the cash under my mattress untill crude moves. While I believe that these buys are in anticipation to where we will be in 6 months; I see this a purely ''skittish'' money; when the wind changes it will be out because of lack of fundamentals... We were so undervalued on the Sept 1st & early Oct dips, that the fundamentals didn't really matter. I made some 60-70% moves in stocks like VTS $10-$17+ and I'm not letting it go.We are now in a transition range and I think I got out near the top...shorterm. I am only a ''trader' here in this enviroment. As the wind changes so will the flow of funds - this is the tail of the Mo-Mo move... Cramer on CNBC etc. I just see us having to back & fill and establish strong support here first; before we can hold here; and we need positive crude news badly imho. Tax loss selling and OPEC's meeting in addition to Clinton's Impeachment have me in cash other than some trading here..