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

To: Crimson Ghost who wrote (39074)	3/6/1999 11:27:00 AM
From: SargeK	Read Replies (3) \| Respond to of 95453

George, This is not a criticism, merely an observation. What in the news release you just posted is 'News'? I cannot find one specific item in the release that could not have been written 6 to 12 months ago. This is a classic example of the media (and the message boards) being used by powerful interests/manipulators to advance their own purient interests. There will be many more such releases as time progresses. It is the timing,volume and placement of such releases that I find more interesting than content. I use them as 'sentiment' indicators to let me know where the 'sheep' are being led and when they will be ready for slaughter. Needless to say, I prefer being a shephard to being a sheep. The price of a commodity so vital to the world economy cannot be contained infinitum. I believe the genie is finally out of the bottle and trends for the commodity and associated indexes have seen there bottoms and the up trends are now being established. For the silent majority who read these posts; but, are seldom heard: DO NOT be swayed by the hype and spin of the media nor these message boards. Do you own DD, accumulate solid companies temporarily in distress in a sector that is distressed and keep on holding on. DO NOT try to outsmart the professionals and traders, they have enormous advantages. (I do some trading, but I have more time to research than most people and can quickly act on my findings). I do not confuse my trading 'hobby' with long term investment strategy. My number one rule is "If you don't want to own a stock 3 to 5 years from now, DON'T BUY IT TODAY") I have just updated my profile which shows my current Oil Service holdings and my 1-3 year targets for each. I picked up 2k of GIFI yesterday @ 7 1/2 after liquidating my position the day before. I am approximately 35% into cash at present to seize further opportunities on any evidence of sector weakness. For example, if GIFI should drop to 7, I would buy more shares, and if it declines below 7, I would further accumulate, as appropriate. The chart shows the OSX is now establishing a trend which parallels that of Crude which is up, for now and the foreseeable future. osxstocks.com The OSX weekly stochastic (a reliable intermediate/long-term predictor ) forecasts the change in trend just recently (I posted the signal, but it was largely ignored by the nabobs and everyone else). It is now being confirmed: osxstocks.com Do not substitute the Daily Stochastic for the Weekly, it can keep you confused. World Markets: Take a look @ the Japanese and Hong Kong indexes. The Nikkei is up 13.5% since bottoming in October 1998. quote.yahoo.com^N225&d=3m For those not already invested in Oil Services. Now is the time to begin 'wading' in; but, be careful there are some holes out there. Good luck to all. K