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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: wolfdog2 who wrote (720)	3/13/1999 1:46:00 PM
From: Mark	Read Replies (2) \| Respond to of 1602

Wolfdog, I agree - we have a long way to go yet, especially on the oil agreements. However, I disagree about hostage to market prices being such a downside. Sure it seems grossly unfair that the same amount of effort can one month be highly rewarded and another month not be, but I really don't see that being so different to the businesses of many techs. (Who have short product lifetimes, unpredictable customers, immense competition, etc). At the moment there is a high level of paranoia in the tech world - especially around a possible slowdown in PC sales. Sentiment is split over whether we are or are not in a slump. Given this alternative, I presently feel far more comfortable owning a stock like SFY who's profitability is driven by a market parameter that I can track, rather than a stock like Intel, who's profitability is presently being driven by something which I won't know about until it is too late. SFY may have had it's sell-offs in the past but it has never gone through anything like ORCL has experienced (again!) this week. (Sorry PG - it's a great company and you know it'll be back again, but I can live without those kind of shocks). You also say that you are selling off some of the stocks which are in a less financially secure position. Which do you like for the medium/long term, and which do you not ? Thanks Mark