Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (83437)	1/4/2001 11:34:29 AM
From: CpsOmis	Read Replies (2) of 95453

man, it is Ooooogly out there....sea of red.... I see no changes in fundamentals...my theory is: a) profit taking differed in the new year. b) taking ones' own profits before the "next guy" does, c) money being pulled to go play the nasdaq again as a result of the rate cut, and d) the self-perpetuating fear that is created by such sharp moves. I think the trend will continue for 3-5 days until bargain hunters (VBG) start support again. Make that 6-10 days....I am always off by a factor of 2! LOL K.B. Did you get filled on your RRC? Still thinking hard about buying back in, but I suspect it will continue to retrace s.t. and feel no particular incentive in the current climate. Cosmo

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