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

To: Captain James T. Kirk who wrote (41749)	4/7/1999 11:49:00 AM
From: SliderOnTheBlack	Respond to of 95453

<< Looks like the osx is headed for 48 again. >> ...if it does; I'll only be holding and buying down into RIG & PGO in driller & service stocks - everything else, cash, integrated's & E&P's.... I honestly see no possible way that we fall to 48ish here - but it doesn't matter what you ''think'' - it matters what you ''do'' ! OSX returning to a low doesn't make sense with $16 + oil ...but, if we do - I won't be holding under 58ish fwiw....under OSX 58 - then it's a waiting game untill OPEC reports compliance #'s and untill we see an upturn in Rig count/utilization and/or some positive orders to the mfg co's .... E&P's the only place to be in a market selloff with rising/firm crude prices imho ! I'd expect some buying/firming here aytime now - especially in individual stocks - if not soon - take profits, move to cash, or rotate to firm/stable Integrated, or Major Oil's... how the hell can anyone ride GIFI from $12 back to $8 ? - and it looks like thats where we be going...(VBG). ....cash and profit taking are not dirty words.