SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Winkman777 who wrote (42490)4/17/1999 12:22:00 PM
From: The Ox  Respond to of 95453
 
I think Slider realizes, but doesn't mention, that many individuals can't follow the market all day long. While buying the dips and selling the strength is a good strategy for those who can monitor the markets carefully, it's often a strategy for disaster for those less informed. For many, putting money into a sector that's been washed out will yield great returns down the road, without worrying about each 20% move.

If the turn is in for oil, then why not just add to your holdings, sit back and wait? Micro-managing is not an option for everyone.

Best regards,
Michael



To: Winkman777 who wrote (42490)4/17/1999 12:25:00 PM
From: Think4Yourself  Respond to of 95453
 
Winkman777, you CAN see the forest for the trees! Good observation! If one doesn't stray outside the sector then this DOES look like a good profit taking opportunity.



To: Winkman777 who wrote (42490)4/17/1999 4:36:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Right you are Winkman, here's proof - Magellan Sells techs and buys Financials and Energy.

news.com

I bet Magellan is into their Energy stocks for more than a week. The herd is about to follow. Will it be Monday, next week, next month? I really don't care, because I've already bought my tickets at a discount. Any selloff in OS will allow me to commit the final small chunk of capital that I have to the sector.