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

To: marc chatman who wrote (42349)	4/16/1999 10:11:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Sold SDC @ $19 3/8ths & will sell into strength here, but - will also keep the money in play via rotation. Hey, I hope the EW's are right on the money folks - GaryB, apologies - not criticizing you personally, but I was confused to as if the Ew's were giving a specific indicator or a ''no call'' type of indication. My arguement is not to you personally, but to technicals in general sometimes used as a catch all - with their interpretations covering the technicians butt (not yours) on both the upside and the downside. I have often seen in difficult enviroments, the technicians refuse to make a specific call - well, imho those difficult times are specifically when they must make a call, one way or the other. Your EW calls have been OUTSTANDING ! I just wanted clarification in this very difficult technical enviroment - I understand what you are saying here. Also, I understand that things can reverse and as such; the technicals can reverse.... Again; there is more than one way to win/profit here; I will continue to sell drillers & service stocks into this strength here and rotate into E&P's, or laggards. I still am not convinced that the OSX - stocks represent the best risk/reward choice here in the Energy sector - in fact, they present the worst risk/reward scenario imho... sorry. I'll buy the PGO's and sell the SDC's here near $20, put old sales proceeds from GIFI $ at $12 into UFAB yesterday at $6 1/2, happy to have old profit taking $ from drillers in the KMG's of the world at $32-33ish/MRO's at $23ish etc. ... Sorry, but I still want to sell into this non-fundamentally supported ''pop'' here and in turn buy stocks like PZE at $10 1/8th a couple of days ago - now up 10%, or use my cash proceeds for quick position trades like HMAR's 50% pop - I want to have cash here for these opportunities. I apologize all - not trying to rain on anyone parade; I just can not for the life of me understand why people do not see this as a profit taking opportunity here - and that they do not anticipate being able to either ''re-buy cheaper - later, or to rotate into better risk/reward areas'' - but, hey - that is what makes this so damn fascinating. One thing this enviroment is not - is boring ! Good luck all - I'll continue to use the ''Sinatra'' method ...... I'll do it my way (VBG)......the good news is that we all might be right, perhaps 2 different roads will take us to the same destination ??? HMAR up nearly 50% by the way from its blow off ...financing news coming ? These huge blowoffs still represent opportunites for trading; BEXP MEXP HMAR of late - even PGO to an extent, maybe we will get another before earnings season is over ?