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To: Craig who wrote (44679)5/13/1999 3:52:00 PM
From: SliderOnTheBlack  Respond to of 95453
 
Craig;.... a little strategy that is working for me is -

Today; i sold a chunk of my BELW on the big pop over $5; this allowed me to buy RRC on a big dip(since totally recovered). Also; I just now bought BELW back cheaper at $5 - on margin. I sold from my cash account - got to buy back cheaper and now in the margin account; giving me more buying power here....

CRK is now poised to do the same thing; I'm loaded in this one; will sell on a big breakout over $5 - hoping to do the same thing - take profits; rebuy with a limit right at $5 - moving into margin account.

More than a few nice E&Ps ready to make that $3 to $5 move. The institutions will jump in - firming an over $5 base; allowing me to move $ into margin account and to be able to buy OSX/other E&P stocks on any retracement, or strength here....

CRK is a gem -- will hold a large pice through $8 -10 longterm. RRC is also cheap here - allready hit $5 days ago, now $4 again (buy it) and has better Nat Gas pricing and fundamentals than last fall , when it was at $6-7 ! Institutions stepped in big on RRC today on the dip; $4 is a buy.

I'd watch OEI UPR XTO HSE here..... may take off if the sector moves... UPR will get big institutional support (not a big shorttem trader - but solid long termer to $24+...).