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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Wowzer who wrote (60781)2/23/2000 3:03:00 PM
From: Braddock Bull  Read Replies (1) of 95453
 
What the hell is wrong with HAL??

Man, I wish I knew. I picked it up in the mid $38s three weeks ago after what I thought was a nice dip. This stock has been the OSX dog ever since, underperforming just about everything out there. I know management went out of their way in the cc to downplay expectations. I think that hurt. I also think that Dick Cheney is not perceived as the man to propel HAL to it's true potential in this recovery (what recovery?) HAL has the goods to kick everyone's butt out there in the service industry, but it sure ain't happening so far.

That said, I don't think anything is "up" behind the scenes. HAL has just become the poster child for short term range traders, many of our OSX stocks have. Nobody owns these stocks very long. You take those traders, add-in a ton of frustrated (some infuriated) longs, a fund or two trimming, the NASDAQ in outer space, low volume OSX, and you have the recipe for a test of the range bottom which is sadly where we're at with HAL today.

I swear though, I've learned my lesson. I refuse to lose a dime in this sector and I won't if I'm patient enough. But I tell ya, after this cycle I'm never coming back. Oil companies and oil stocks suck, Kudlow is right.

Brad
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