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

To: Gary Burton who wrote (40010)	3/15/1999 3:01:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Classic in concert move.... I swear - all the Oilpatch traders must meet each morning - pre-open in a small diner in New Jersey to plot the days trading strategy...<VBG> Today imho; the Street is shorting in concert - they picked up an easy 3-8% accross the board today. Buyers laid down and died....sad. Good day for the hedge funds. Most stocks are right on the verge of penetrating the lower Bollinger Band - if we get a nice partial pop off of the lows here in the last 60 minutes then we are looking pretty good. A little prior profit taking has allowed me to sit on some intra-day low limit orders ...PGO I want sub $14, I think VTS retraces a bit here soon - sitting at $11 7/8ths; FGI $12 5/8ths (allthough why shouldn't we wait for $10 damn bucks again - ???) and SDC got filled at $16 5/8ths. I think I am only going to add stocks like SDC/PGO on retracements here - solid balance sheets ... Not trying to rain on any parades; but - if you didn't take any profits on this run up; you have to ask yourself - what do you do if we have a 5% blow off again tomorrow and then open up with a selloff wednesday ? ie: it wouldn't take much for many stocks here to be right back to where we started.... Profit is not a dirty word. Sometimes it may be prudent to bend ones style; ie: take what the market gives you. If they give us what now could be the 5th run from OSX 45-60ish + why not buy the bottoms and at least partially sell the tops. Traders have to love this... ie: GIFI Looked like someone knew something this a.m. ?- If the contract is known on the Street - we would not have dropped sub $9 - out at $9 1/8th - but still holding a partial position. Wouldn't mind seeing $8 1/4ish again....