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

To: SargeK who wrote (39639)	3/11/1999 12:39:00 PM
From: SliderOnTheBlack	Read Replies (5) \| Respond to of 95453

SargeK; not bearish - but realistic right here ... I would say I am still as bullish as ANYONE longterm on the Energy sector as a whole. But, let me ask you a question - what are YOU buying TODAY ? <VBG>.... I would say nada - because you be a schmart 'ole Dog and you bought just like myself any many others - at the damn bottom; we got there the Old Fashioned way - we earned it ! Let the Johnny-Come-Latelys and the Mo-Mo crowd and the shorts run this up for us - The Strictly Drilling Crowd deserves both sides of the coin here - we don't need to cheer lead - this sector will move without us - let the other guys do the work - lets take their money ! - that is my opinion. We earned this move - but lets take at least a piece of the profits here; as that is the only way one gets to keep them. I am not saying to sell any total position in any individual stock - as there is plenty of upside left if OPEC does cut 1 Million + boe; but if they do not - its back to square one just like Sept - Oct - Nov - Dec all over again... We will not go to OSX 45-48 from here if OPEC does not cut; I'd say OSX 50-53ish. But one could lose some heady profits here very quickly; Mine are in the Cash Drawer - no one is getting them back from me... If I would buy here - big Oils/Integrated's and E&P's , or only laggards in the Driller/Service arena...There will be plenty of buyers to push FGI & GIFI to $18 - but, it shouldn't be us imho... OPEC has NOT agreed to anything other than 300K (with no written official agreement to my knowledge on this either) and the meeting on the 23rd will be where any formal agreement becomes reality...