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

To: upanddown who wrote (42792)	4/20/1999 7:02:00 PM
From: The Ox	Respond to of 95453

JTC writes: True, but wouldn't you rather have a 7 9/16 cost-basis rather than 8 1/8 ? Actually, I would rather have the 7 1/4 of my limit order.<g> Makes it a lot easier to get into a profit position. I think this point should be made with emphasis! Whenever buying, whether it's for a long term holding or a quick trade, one should consider the flucuations and evaluate the security to assist in choosing an entry point as well as an exit point. As Slider has mentioned many times in the past, it's often very profitable to "drop some lines in the water and wait for a bite"(not a direct quote, I think<g>). If you have a good understanding of the potential price range for any given equity, you should have a good chance of buying at the "right price", that will maximize your gains and, if your stock goes against you, minimize your losses.

To: upanddown who wrote (42792)	4/20/1999 7:02:00 PM
From: BigBull	Respond to of 95453

Congratulations, but with all due respect, that was then, this is now. Did you have any losers, and how much did you lose if you sold. I traded a few times as well and made good money. I have sold nothing at a loss and am content to wait on those as most of my portfolio that was under water is now solidly profitable. Are you suggesting that oil and oil service stocks are not now in a bull market? With respect to your question. I have never ever said that I could pick EXACT bottoms and have always said "Just get me close, baby, just get me close". Whether I buy a stock at 7 9/16 or 8 1/8 in expectation of it going to 20 is irrelevant to me. I guess my question to you is ARE WE NOW IN A BULL OS MARKET? And should trading tactics be adjusted accordingly?