SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (56605)12/9/1999 6:36:00 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
Bet you guys can tell which days I'm traveling <G>. Just got caught up. Wish I had a chance to buy BHI this morning. If it dips down again I will. This is a minor issue at best. With their market cap, diversification and reputation 40 or 50 mil is NOTHING. 6 months from now BHI will be running in synch with SLB and HAL. By virtue of it's size alone practically every fund that tries to track the OSX and oil services will be buying BHI again, if nothing else they'll be buying in 30 days.

As for the rest of the stocks, I'm a little disappointed on today's action but not too surprised. We did get a few upgrades which is positive. But with stocks like LNUX up 700%+ in one day big money is still looking to fleece more money out of techs.

I was reading a good article in IBD which talked about reversals and sustained moves. Saying that usually such reversals are confirmed 3-4 days later and at most 10 days later. The current uptrend in the DOW in techs I believe happened around Oct 18 and was confirmed Oct 28 (per article). By that logic I'm not too worried yet about not following up yesterday's action. If we could follow up on yesterday's action early next week on by wend I'll be quite bullish again.

So many catalysts could drive us higher here. Cold weather, rotation or settling the lingering question of OPEC increases/SPR selling in the face of $25 oil (to name a few). Seems like the cloud of uncertainty over the last one may hold us down until it's settled.

I wonder what would have happened had BHI not warned...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News