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Gold/Mining/Energy : Swift Energy (SFY)

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To: wolfdog2 who wrote (1575)12/14/2001 12:27:51 AM
From: PuddleGlum  Read Replies (1) of 1602
 
Wasn't sure you were still around, wolfdog. I thought that the quiet meant that everyone had slipped away, but it seems that most of the old diehards are still here.

The XNG is working on a double bottom, and the XOI is trying to decide if it needs a triple bottom or if it has already had enough, so the sectors are in decent shape. I didn't like SFY's breakdown after the Shell news (which I considered bullish), so I slipped out again for a loss of $1 per share on 400 shares. I said in an earlier post that the next time I came back I'd be back for a longer period of time, but it wasn't longer by much. :-(

The stock looks like it hasn't the heart to fight back right now, even though the sectors are OK. For the sector I'm tempted to be a buyer around middle of next week, but for the high techs I think we'll see a rally next week followed by another swoon before it really picks up IF it picks up.

My prediction is worth what it cost you.

pg
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