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

To: pz who wrote (32787)	12/12/1998 7:44:00 PM
From: Platter	Read Replies (1) \| Respond to of 95453

Value is usually found when there is "Blood in the Streets". When no one wanted to touch semiconductor stocks a couple months ago, they were good buys, now the SOX index is at a new high the brokerage firms upgrade them to buy...so they can sell....check every sector. Its the same GAME they play....same for other like Financials etc.. The Analysts usually go on CNBC, when the DOW has already collapsed and trading at 7500 and downgrade the market...Well...He and his firm was already out of the market and looking to pick up bargain as their was "Blood in the Street, the sidewalk, and everywhere else."..So when the Dow hit a new HIGH a couple weeks ago...Like clockwork and out of the woodwork he crawls onto CNBC again and Now(after the DOW has already run up from 7400 to 9400) proclaims now is the time to "BUY"..Mmmmmm..I think you all know who I am talking about...But he is not the only one. Thats how it works on Wall Street...They downgrade at the bottom so they could buy at even cheaper prices and upgrade at the top, so they could sell to you and me at better prices. Oh! and the technical analyst usually says "Don't buy a sector until it has turned" ..that is usually when it has gone back up so much that your risk has increased....Now the technical people are saying "Buy semi's"...Well its a little too late...most are up $20-30 from the October LOWS....Now is the time to sell and take your profits for being smart and not following the crowd.... And so my friends ..I have seen this drama played out over and over again...this sector will be no different...No one wants to touch oil drillers...everyone is negative on the sector....Look at CNBC and CNNfn and you will sell what I mean... So you know what to do..Right?? When the sector turns up, has recovered, then recovered some more...then gone to new highs....Ah! then you will see them on CNBC and CNNfn.."Buy!...upgrade!....Now is the time to buy oil drillers!" .....And those on the sidelines will be buying FGI at 45, RON at 69 and RIG and 58...because they were told by the Analyst and brokers on CNBC and CNNfn that now oil prices have recovered..these stocks are good value here...and time to BUY!BUY! BUY!.. And of course you know what I will be doing at that time.....Thats right....Selling!!!!..... PS..Barrons reports 20000 shares bought by insiders at VRC, for who ever is interested