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


To: Ahmed Elneweihi who wrote (43500)4/29/1999 12:01:00 PM
From: Wowzer  Respond to of 95453
 
Tell me about it, I sold UTI yesterday at 12. Thought I was smart and was waiting to buy back at 11 1/2. However no go.. Still have a little UTI left, but sure wish I didn't sell most of it...

Rory



To: Ahmed Elneweihi who wrote (43500)4/29/1999 12:56:00 PM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
Ahmed, Agreed- bull market in energy sector now building. I want to repeat something that I said before and which fits your suggestion of a "buy and hold" strategy for at least part of your energy/OS holdings.

Energy stocks are not like tech stocks. Tech stocks are like jackrabbits and move rapidly up- and downward in price.

Energy stocks are more like elephants. They move a whole lot slower up- and downward, but once that elephant builds some momentum, that trend can go on for years....

Go back to 1859 and the start of the petroleum age and you can see that up- and downtrends go generally for 5-10 year cycles.

That historical fact fits Ahmed's recommendation.....

Sincerely,

Doug F.



To: Ahmed Elneweihi who wrote (43500)4/30/1999 8:44:00 AM
From: Crimson Ghost  Read Replies (3) | Respond to of 95453
 
Oil stocks strong in Europe today. OSX 85 in the near future looks like a good bet IMHO.