Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RBlatch who wrote (48204)	7/20/1999 1:20:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

RBlatch; what makes taking profits here easier; is the fact that there are still - ... so many laggards here. If I miss a ''pop'' in the stocks I sell - I have a list of 10-12 stocks I've been following here; that I can rotate into... Now if the list of ''rotation'' ideas/laggards starts to disappear; then taking profits becomes a little harder to do... My ''gut instinct'' was strong here; and given the reality of rig counts, dayrates, new orders and the technical probability of profit taking in crude futures - this seemed to be the ''prudent thing to do'' for a trader... this new slew of negatively ''spun news'' is also another sign of changing ''Street'' sentiment - and sentiment is the nearterm driver.... the fundamentals are still just too far out on the horizon imho... ... and I agree; what news is there than can take crude to say $22 nearterm ??? now the spin is even that OPEC compliance has peaked ! - go figure.... when the Masters of the Street- start weaving their news ''spin doctoring'' - move aside.... and they are definitely in the ''spin'' mode imho... Gary; I think FLC calls will potentially be the ''McGwireian'' Home Run of the Sector - if we really see a shakeout here... I'd love to buy some cheap $7 1/2 & $10 calls if FLC breaks $8ish and when some Aprl/May options role out...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next