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To: Crimson Ghost who wrote (35034)	1/13/1999 8:01:00 PM
From: Gary Burton	Respond to of 95453

My reading of the various individual charts of the osx stocks is definitely a minority view here. I think there now is a material risk of new lows on many. Slider's 45 downside on osx is not far from my target of anywhere between say 39 and 42, a slight new low. In fact new lows on many charts would greatly clear up the confusion in trying to read them the last few months. I now only hold 1 of the 5 osx issues i owned on NY Eve-and that now breakeven.In the near term, I am wary of loading up again right away. Downside gaps have a way of fortelling of furthur weakness to come and my sense is that a number of stocks will surprise many here by printing a new low--the last low by the way and a safe one to buy--nevertheless a new low. Some will hold their recent lows, others will fail slightly. Bottom line, I'd be cautious buying tomorrow. It may take a few weeks even to play out, I don't know. Made a lot the last few weeks, looking to do it again-but not tomorrow. Scalpers may profit, traders may not. My 2c

To: Crimson Ghost who wrote (35034)	1/13/1999 8:53:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

George;... we ''discuss & pontificate'' here - << Last week you forecasted a 10% jump this week. >> WeLLLLL Exxxxxxxcuuuuuuse ME ! <VBG>. What do you expect,or want me to do - give a running commentary of each trade I make ? That's not my responsibility; we are a group of ''equals'' here... We all must take individual responsibility for ''our'' actions. Now, if someone was paying me for my babbling - then, only then; I might feel a bit guilty ... Kinda think I've continually preached - my main motto of late; "Beat the crowd to the party'' - in the front door (buying early); but,most importantly - beat them out the back door as well''... (selling early as well). - I want to ''catch'' the middle 1/2 to 2/3rds of the moves here. I said that I thought we would see a 20-25% spike in the OSX because of the oversold values; ie : triple bottom and especially the huge, tax loss selling. We got it; and I sold/traded as that's what the Street gave us. I still say OSX 60-66 on the first positive consensus API/IEA numbers , or another additional OPEC cut, or if Crude keeps moving forward. Now if I beat Abbey J-Cohen/Goldman Sachs, about 20 Analysts on CNBC, Rukuyser, in Barons, Forbes, NY Times, WSJ etc and now - today Bear Stearns Chief analyst to the Party and ''pocketed a quick 20-25%; excuse me ... So, if I beat the ''Crowd'' to the party again and then decide to leave a little early; don't blame me - my intentions were to let you know where the Party was; what time you choose to arrive & exit - is ''your'' personal responsibility ! We are all big boys & girls here... No hand holding...<VBG>. I learned my lesson on the 2nd of the 3 run ups here, nailed the first one, lost it all on the 2nd (humbled) and nailed this one.Thanks Big Dog, for continually flashing that yellow light for the ''traders.'' A lot of our ''Technical Analysts'' flashed those warnings here as well. Be it Elliot Waves, Stochastics, or Crude Prices - we all need to look both ways every time we cross the Oilpatch Street... Anyone who bought and holds here - has no reason to complain ! We are still real, real cheap. I took profits here; holding only EVER, FGI & GIFI in any ''volume'' here as they haven't violated my cost levels yet - and don't expect they will. Love FGI under $12, GIFI $7-8 and EVER virtually at any price ! I will continue to buy into all of these rolling cycles, as I will not get caught missing the big move when it happens...by buying into what is now the 4th damn bottom that has NOT been violated as yet; how can I get hurt ? as an example; be smart. Don't buy all at once - I'll plan on entering RON with 3 entries here; planned at $26, $23 and under $20 if ''armageddeon hits - then selling the 1st third at $28, --- waiting to see if it keeps moving, maybe sell the 2nd third at $32 - and if the move hits- I still have 1/3rd of my position to ''ride'' the move with... or I can sell if I get caught in a ''Brazil'' - but I won't get caught with all of my chips on the table. I will ride these ''rolling tading ranges'' and both buy and sell only my favorite stocks; with 3 entrys in buying and selling; I don't get caught holding too high, nor do I sell too low, or miss the ''Big Move'' when, and if it hits... and it WILL ! OSX 60-66 soon on any good news; your decision to sell or hold; OSX 85ish by mid Summer and if things look good - ie: crude above $15 and expected to go higher next year; then OSX 100 perhaps by next fall - now can you take a little pain for a ''double'' ? Fair Enough George ? ...PS - you ought to be in a much better mood, being down in Florida while I'm sitting in 28 inches of Snow... The ''party'' is merely breaking up here; didn't quite get off it's feet. But who in their right mind - feels uncomfortable holding longterm at the values presented here over Dec - Jan ? C'Mon ! Buy the dips & sell a little, or a lot - when news, fundamentals, or technicals dictate. Who the hell knew Brazil would blow up - certainly not those that were holding those Internet Stocks ? But, bet your ass; even when I trade & sell; I'm still holding a little longterm here... This ''is'' my white whale; and I can eat him all at once, or one bite at a time.... good luck