Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RGinPG who wrote (38998)	3/5/1999 9:55:00 AM
From: DYW	Read Replies (2) \| Respond to of 95453

Gary, Now that we've taken out 6 1/2 on FLC, do you see it as indeed being "safe" from here? If so, untill where? TIA

To: RGinPG who wrote (38998)	3/5/1999 10:49:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

RGinPG; I agree I got out early in the Jan ''pop'' but being greedy - cost me on the Oct bounce - so now I only try to get 1/2 - 2/3rds of the move and I now make my sales on the initial run up. I think we are in good shape - but we will not spike up - we will move in stair step fashion with retracements and re-tests, but steadilly upward. Only the OPEC meeting could give a 15%+ sustained spike imho. People; am I the only one who is a ''BULL'' but thinks 15% is too much too fast ? I can see OSX 60 - even 66 if good news leaks out pre-OPEC meeting - but let the shorts cover to run the prices up here - hard to buy here for me. I am rotating some profit taking into Nat Gas E&P's/ some laggards out there - PETD MARY MLRC EVER and RRC as a risk play... PETD near 52 week low - no debt & 20 Million Cash.... go figure. Nat Gas is such a glaring BUY here.... this is the thinking mans hedge in the patch imho. Some of these companies could double quickly ...and have NO WHERE THE RISK of the driller & service stocks. If we get a nice move through OPEC meeting - I may sit 50% in Nat Gas E&P's...and not budge untill 2000 - I love the risk/reward there.