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

To: Ken Robbins who wrote (42374)	4/16/1999 12:22:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

< OSX just zoomed above 70. Bought some HAL calls today.> ..back for a peek; unbeeeeeeeeelieveable ! but buying HAL calls today ? - man I have to crawl back into my bottom fishing hole, or stay on the E&P board (VBG) ... Folks; SII has 2000 eps estimates at $1.20 - a PE near 35 ??? CAM 35ish here ? - whooooa nellie, but when the mo - mo pauses; the pause will not lead to the ''one that refreshes'' - but imho; a short run on SII CAM WFT HAL and high flyers whose PE's have gone out of any value stock model valuations here... How does anyone justify any move from here after OPEC announces and during a soft rig utilization summer - a big time gap for a sentiment swing here untill actual fundamentals improve... I'm getting dizzy at these altitudes (VBG). Without question, the Street is now counting on OPEC complying, I still can not justify some individual stock prices here on a fundamental basis - shorts must be bailing and inflating the move here.... when we get a pause here - SII & CAM have to be short selling ducks - have to be,,, I'll keep selling & rotating - keeping my money at work, will not go to more than 25% cash, but I want to be in the KMG's here not the CAM's...just my minority .02 cents here....loaded in PGO here, holding only RIG - not interested in selling sub $35 at all ( a remaining value here), CLB, and FLC in size - not much else in any volume...FLC will be hard not to trim at $10, CLB a long way to go... E&P's holding here as the earnings fundamentals are positive as oppossed to the drillers & service stocks.... Hey, this is one time I will be 110% happy to be wrong on the OSX, but sitting in Integrateds, E&P's and oilpatch laggards is doing equally well....this just surprises the hell out of me into the face of this earnings period - which will hold little news to write home about... I will continue to be invested in Energy, and am actually surprised that I am not holding much of my favorite subsector - the OSX stocks - I just can not quit selling into this strength. Also, other than perhaps FLC GLM & RIG and PGO - I couldn't pull the trigger on any OSX stocks in a MO-Mo move from here .... I may just get caught out of a OSX move to 78ish if we keep running right here and have to ride the E&P's here. If we zoom through 78ish here... unreal.... GaryB - once again; are you SURE we will not go to OSX 80 in a straight line ? - (VBG) wow ... Here come the boos - but if CAM nears $40- I am a short trader on a pause...just too much too soon imho....too much too soon, too much too soon....someone tell me I'm wrong - force me not to sell anymore - C'Mon - I hate selling here , but I can not justify doing anything else... Big Dog - help me - am I out in left field here (VBG) ?