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

To: buzz who wrote (31940)	11/19/1998 11:26:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Best Returns on Investment... ? For those who are buying I realize I am in the vast minority here perhaps; with buying into this selloff. I sold early on the last run up & did some trading; and now am putting my cash that I was holding to work. I like VRC & GLBL; buying FLC @ mid $10's & under and love CXIPY here and on any further selloff's. We are getting a chance to buy the ''hi-tech niche'' players again. PGO CXIPY SCSWF CDIS and also VTS DRQ etc. Bought GIFI for the first time; kind of like those $10 to $18 runs of late... GLBL & VRC have such huge upside just to the levels of the Sept & Oct run ups; let alone their median prices of last March to May. IMHO; this is the 3rd bite at the apple and if we weren't payng attention to the trading range/rolling nature of the oilpatch here of late; shame, shame, shame.... I see absolutely no fundamental or technical case for lower lows. NOT into the face of Fed Cuts which will begin to show up in EPS in a couple of quarters (let alone more cuts) and also the International Economic Stimulus packages. Winter is around the bend; the ''TRADERS" are running the show here and are making one last end of the year ''RUN" on the Oilpatch and Crude Futures imho. Take what they have given us on a "Silver Platter'' ! Cash isn't a bad place to be, but no percentage selling short here in light of the recent turns on a dime - 50%+ run ups; and for the longterm buy & hold investor - if you weren't in on the last two runs; in light of positive Asian news on the Tech front, Japans Banking Reform, the International Liquidity Stimulus packages etc. - if not now - then when ? Because you are NOT going to see cheap stockprices with good Crude fundamentals..... The choices are - buy low into the face of transitioning or even a poor Crude Oil enviroment/fundamentals; or buy high into the face of a positive Crude Oil enviroment/Fundamentals; me - I'll take the former every time !