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

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To: jim_p who wrote (80984)12/7/2000 2:41:19 PM
From: kodiak_bull  Read Replies (2) of 95453
 
"Only time will tell if I am right or I am wrong"

The Beatles, of course.

That tune goes through my head when I look at FLC/RIG. It's cheap now, will it get cheaper? Who's the seller, and what does s/he know, if anything?

Still, in my experience, when stocks act like this, it's more often the time to buy than to sell. On the other hand, for people who are extremely nimble traders, it's probably the time to do both. Will FLC hit $15 before it bottoms? Lower?

The charts look better once you cruise into the shorter time periods, but imhe that can be deceptive.

Any views out there?
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