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

To: Ditchdigger who wrote (31706)	11/11/1998 1:45:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

CASH .....gotta keep some here imho I'm doing well rotating sectors. My S&L's have moved 15-20% off the bottoms where I bought them, been flat here so I took profits. I'll keep 35% cash, but will use the sales proceeds to start ''averaging'' in here again. Not complete positions, but 25-35% per trade of what I have allocated for each stock. ie: starting with VRC 1/4th @ 9 1/2 & will add a 1/4th on each $1 move down @ $8 1/2, $7 1/2, $6 1/2 if we see a continuation. With the double tops & bottoms clearly defined - I look at this as an outstanding trading opportunity here, untill fundamentals change. I can't lose imho; as I have zero fear holding VRC at an average of $7-8, or GLBL @ $6-7, VTS under $18.. etc. ...waiting on sub $15 FGII, RON $26-7, RIG $28-9, WFT $20ish, FLC sub $10 etc, I really hope for opportunities to buy PGO, CDIS, DRQ , CXIPY, CLB, SCSWF cheap again...PGO & CXIPY holding o.k. here. DOW is inflated imho(7000-7750 would be ok here imho); Techs are looney & Nifty Fifty way overdone on this bounce; everyone confuses my longterm bullishness in the oilpatch as also being bulish on the overall market at these prices- WRONG <VBG> ! . Still good values & sectors, but some way overdone; only low PE value stocks in the overall market for me... In the 'patch; set targets & as Caninius Maximus said; plan your trades & trade your plan...good luck