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


To: Jeffrey Beckman who wrote (43826)5/4/1999 1:20:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Post Patrol - < Your moves for tomorrow.???>

...are you going to show up at my front door with a van, Ed Mc Mahon and a big check - like the real ''Post Patrol'' ?

Post Patrol: C'Mon; Get Serious; what kind of sniveling, ankle biting, jealous, publicity seeking, wannabe, about to get electronically swatted gnat - are you ?

ie: << just post your trades for tomorrow >>

What kind of moron makes ''trades'' in advance ? Ed Mcmahon - you obviously got me confused with Karnac (VBG) !

Ps - I am not a ''daytrader'' per se - so you may be barking up the wrong tree here... not my game; a position trader only; occassional day trip, but rare.

I trade the market - I am fully in here - I will buy anomalies as they develop, mistakes as they happen and short on opportunity & momenteum. I post my trades - as the opportunities unfold. - Buy some PGEI if you & Fingerfelt desire - cause I can profitably sell you some at $2 that Fingerfelt got so emotional about buying...(VBG) !

I worked real hard getting into this position - the easy money has been made as the rest of crowd is about to learn.... (VBG). I am HOLDING my hard fought positions in my E&P's .

I basically can not lose here; I am poised to profit which ever way the market reacts to OPEC. I short the OSX high flyers on a retracement, or profit taking in Crude Futures, I ride the E&P's if the market likes the news and takes the sector higher. - the E&P's will still outpace the OSX because of the fundamentals they reap - ''realtime'' off of higher, or sustained Crude & Gas prices. I am also positioned - in that I could care less what OPEC does - I am in Natural Gas hard & heavy - OPEC can't control that yet (VBG)..... maximize upside leverage to Crude Prices via the E&P's and risk advoidance in Gas Stocks.

What I would be losing sleep over - is if I was in OSX stocks and crude futures sell off on the ''Sell on the Good News/OPEC compliance announcement, or in late May off of Cheating news and then there are not any fundamentals supporting OSX prices - and the ''real'' bad assed shorts will be falling all over themselves here.... it will be yet another Bum Rush on the OSX....

Jeff B < mostly penny stocks that do nothing for my margin buying power. >

....UPR XTO OEI ...all have had nice runs here - you can margin these. I am allready in where I want to be in - so I have nothing that I want to buy here particularly... I don't want to buy UPR XTO OEI here , because I own it cheaper. Maybe buy on retracement. I am trading in & out of CRK - it's still moving here and RRC on a decent dip from here - but these are micro's...

PGEI is a ''buy and hold'' - but a multi-bagger before its over; don't see many OSX multi-baggers left (excepting FLC - 2x in 12 mos, maybe 3x in 2 years ?) so I am basically a holder in my E&P positions - I am now nearly fully invested and do not need to do any buying here. I can margin for those incredible trading opps like we had in CLB MEXP BEXP HLX FEN CWEI HMAR --- I want to be able to take major $ positions in opportunites that arise like these... you had better know these companies and the stories here; you can get crushed as well holding too long --> I remember the BK warnings on HMAR - the actual BK of FEN (but after a near 3 bagger) and FENYQ is now nearly up 53% ''since'' the Bankruptcy by the way ! - remember that one doc ?

I am sitting like a cat right here - very, very content. Just looking for that ''easy prey'' here..... looking at BELW EPEX FXEN - done some nibbling - want retracements here in EPEX & FXEN to buy further - BELW is a solid buy here now - $3 9/16ths to $3 13/16ths ish - but it is another micro.

Papaya King; ironic isn't it - emotion so over-rides any functional intelligence here... once long - forever long... can't ever sell - that would be the same as shorting (VBG) - I think these nimrods ( I am not referring to everyone by the way - just a few) here must just pass the stock certificates on to their heirs after they die - they NEVER, EVER sell evidently (VBG).... $8 Oil wasn't realistic and $18-$20 Oil overnight gives OPEC the incentive to cheat and the incentive to everyone in the world to over produce - especially Venezeula !

Why couldn't we just have slowly marched on up to $15-16 and from there, just go up a Buck every quarter...(VBG).

Hey; anyone up for sending Big Bull some canned food ? Blankets, old tents for shelter ? Couple ''borrowed'' shares of FGI ? - just in case Kudlow decides to push to button on him ?



To: Jeffrey Beckman who wrote (43826)5/4/1999 1:31:00 PM
From: JRH  Read Replies (2) | Respond to of 95453
 
I have noticed a large trading mentality on this thread. Any of you just holding on for the longer term? If so, which companies and what is your reasoning? I am long RIG.

Unlike many here, oil is a smaller portion of my portfolio. Wanted to hedge against inflation and think the majority of the market is ridiculous.

Also, don't know a whole lot about the sector.

RIG sure is a laggard!

JRH