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To: BigBull who wrote (42774)	4/20/1999 4:17:00 PM
From: The Ox	Read Replies (2) \| Respond to of 95453

The lessons we learned are "Let your profits run". I couldn't have said it better myself, except maybe to make lessons we learned are singular, lesson we learned is... <vbg>. I think patience will be rewarded at this time, not punished. At the same time, anyone who has overweight positions should consider caution and profit taking. Risk management is still very important for those choosing a high risk trading strategy. If you trim down excessive risk positions by selling into strength, even though you lower your potential gains, you also remove the possiblity of getting your head handed to you on a silver platter...or was that a slider platter<g>. best regards all, Michael Michael

To: BigBull who wrote (42774)	4/20/1999 4:20:00 PM
From: paul feldman	Respond to of 95453

Bull- I've got to agree with you. The rest is minutae(and its like work)

To: BigBull who wrote (42774)	4/20/1999 4:21:00 PM
From: PartyTime	Respond to of 95453

What a difference a year makes! One year ago the below referenced stock was in bankruptcy, its former CEO under indictment and its investors on the edge of losing everything. Today it's on the comeback trail signing oil deals abroad! 209.238.49.107 Also, it was nice to note the end of the day finding FLC bouncing back. Does anyone have further insight on ICOC? Thanks.

To: BigBull who wrote (42774)	4/20/1999 4:24:00 PM
From: Aggie	Respond to of 95453

BigBull, good afternoon, I guess I'm somewhere in between you and Slider. I've been heavy into the sector for the last 5 years. I've taken profits at the top (last March - May) in the form of liquidating part of my positions to recover capital and keeping the rest in place. I added to positions last September, thinking (incorrectly, as it turns out) that we had bottomed and were on the rebound. Well.....I was off by a few months, but I can live with that. I'm not slobbering to take profits, so I won't be jumping in and out - but I will be buying in on the dips, on some of the stocks which you all have been commenting on. Not sure where we're headed here, I think Slider has a good point about the earnings / oil price vacuum period this spring. Overall, I think crude will level out in the $16 range for Brent, $17.5 for WTI. In the meantime, good luck to all and Easy Does It Aggie

To: BigBull who wrote (42774)	4/20/1999 4:26:00 PM
From: Mike from La.	Respond to of 95453

I'm with you Bull. "The trend is my friend, ride the trend." Plus, I'm convinced this is at least a two to three year trend and maybe much longer.. As always it will be two steps forward and one back, there is opportunity for traders there, but why give yourself extra worries, and pay a load in taxes? My particular approach of compounding my gains by reinvesting on margin, is clearly not for everyone, but it worked extremely well in the last ride up, from 1994 to the crash. I got burned for a good bit by the downturn, but I had made plenty enough to spare it. I agree with you also that many are setting their strategies based on their experience of the last 6-12 months. They are waiting to get hit in the head again as they so often did during that period. Can't blame them but need to get over that and not let fear cloud your judgement looking ahead. But everyone hopefully makes it the way that's best for themselves. there is ample information and experience on this tread to benefit all styles. Mike

To: BigBull who wrote (42774)	4/20/1999 4:41:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

What a difference a few hours make. quote.yahoo.com Actually Bull, you may have reinforced the trading mentality with this post. Since you posted this at 4:09 PM EST with a 20-min delayed quote, you probably were looking at a 8 1/8 price from approx 3:50 rather than the 7 9/16 price at the close, a 7% drop in 10 minutes. Its very true that those of us who endured the OS crucible during the second half of 1998 tend to be a little slow to buy and a little quick to sell.....once bitten, twice shy. I agree that the trend is up and anyone waiting for a return to the prior lows will be left at the starting gate. Most of us attuned to trading the sector are very optimistic long-term but still want to reduce cost-basis thru trading the overbought/oversold conditions of a very volatile sector. In these days of penny-ante commissions, nothing is forever. If the API numbers are not positive, I look for a media spin of "storage tanks brimming" and a buying opportunity after a brief sell-off. DrSvelte's comment about API selloffs on Tues/Wed was a perceptive one. John

To: BigBull who wrote (42774)	4/20/1999 7:17:00 PM
From: SargeK	Read Replies (1) \| Respond to of 95453

BULL, I'm in for the long haul or until a major change in the OSX Trend which I believe is several years down the road. These guys can knock their brains out trying to capitalize on every twitch. For every winner there will be at least two losers (The MMs and Brokers) have to get their cut. Sarge

To: BigBull who wrote (42774)	4/21/1999 2:03:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

ohhhhhh Big Bull, we know you're out there.... yoo hoo PS - come on back - we need to talk about this - I missed it earlier. << Didn't somebody on this thread go on record as saying that there would be a substantial correction post OPEC? Did it happen? Nope!>> ...hey, this isn't a win vs. loss / us vs. them/ me vs. you - game; this is a game where many will win - just different roads to the same destination.... But; as far as post OPEC correction - I was referering to the initial report on the new cuts period - I believe May 10th is the release date and we may be in a sell into strength period - which we still may be here. - now as far as my call of a selloff during this earnings reporting period - so far I'm - WRONG ! - if selling from 68 to 77 is wrong (VBG) - only wrong if we blow through to 85ish actually...but, it isn't over yet - only 1/2 through and by rotating to laggards & e&p's and buying some tech's and a couple of Inets with OSX profits - I'm doing very well - actually ahead of where I would be by holding, so for me, in my stock choices - I'm a happy camper.... Since you also have won by holding - you ''should'' be a happy camper - so get your big bovine butt back in the fray - okay ? ...and we shall see on May 10th (VBG) !