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

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To: Sharp_End_Of_Drill who wrote (75760)10/6/2000 8:13:43 PM
From: isopatch  Read Replies (2) of 95453
 
Has been a "challanging" week. NG drops vs bullish weather news.

This isn't the kind of response to news that evidences a strong rally is at hand. Such behavior in NG prices is telling me there is some significant fundamental news that is yet to surface publicly....

On the positive side of the ledger, many stocks are approaching significant support levels. So perhaps, at least ST, we finish the downside Monday or Tuesday. The quality of the rally attempt which follows that test of support will be key to assessing where we go from there.
I'll just try to read the tape and get a feel of the sentiment.

If it looks like this most recent several week decline is complete then I'll move to complete my reentry into the portions of my ESNJ, PQUE positions that were sold several weeks ago. May also jump back into GRP and PRZ where I scalped profits on pops this week.

Don't do a lot of ST trades, but it's fun do it and pick up a little "coffee money" when the market as uninspiring as was the case this week. And that very low acid, organically grown, Sumatra Coffee ain't cheap<G>.

Everyone have a great weekend and let's make some bucks next week! Cheers.

Isopatch
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