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

To: gregor who wrote (33923)	12/31/1998 3:19:00 PM
From: Mandinga	Respond to of 95453

I agree. Happy new year to all!!!

To: gregor who wrote (33923)	12/31/1998 5:16:00 PM
From: Mark Glembocki	Read Replies (3) \| Respond to of 95453

Looking for some thoughts please ..... Gregor,, I concur ,,,This thread has been a Godsend to me being that I have been invested in oil for a little over a year now! Thanks to all for posting well researched, well though-out posts. I have learned more than I thought I ever wanted to ( or cared to for that matter) about the economics about oil. I do have a concern however.... Slider or Big Dog, maybe you can help. This move today in oil as well as the OSX is wonderful Christmas present to those very short term trades...(say,,those that got in yesterday or today)...however this move is of little reward to those that jumped in and held over the past 6 to 14 months. (I got out in March 98' with some small gains and have lost them since trying to time the OSX). Anyway,,,, Investing/Trading in the OSX and all the research that goes into it is about one thing and one thing only...It's about making money!!! So my question is this.... How do we play January ?? Do we attempt to trade the 10 or 20% gains or do we buckle ourselves in and go for broke? This is no joke....I have given Charles Schwab almost $ 12,000 dollars ($30 bucks a trade) in commissions in 98' alone trying to trade the market in general (50% of this in oils alone). For my efforts I am down about 9% of my total portfolio (thanks to today's OSX rally). I have a stack of trade confirmations about 12 inches thick that I must try to make some sense of and post to my tax returns. So,,,do we become true investors or do we move in and out for small profits and ride that ridiculous emotional rollercoster of the daily stock trader? Big Dog, Slider Marc, Doug and all of the rest of you guys....I truly respect your thoughts and opinions,,,,to that end...I would appreciate all who might take the time to respond to this post. To all....Have a happy and SAFE new year !!! Mark