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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Second_Titan who wrote (2309)6/23/2001 10:57:47 AM
From: CommanderCricket  Read Replies (2) of 206191
 
Q,

I'm loaded up. I made a mistake earlier in the week by purchasing a few days too early. I'm now 90% invested.

Check this graph for GW. Clearly oversold per RSI.

stockcharts.com[h,a]daclyymy[pb50!b200][vc60][iub14!la12,26,9]

Perhaps with the majority of rigs working and the current uncertainty of the market, new rigs will be postponed or cancelled. I wouldn't build any new iron today. To fickle and difficult to plan longer term.

My hope is overbuilding will not occur this time around and pressure for lower rates won't be as extreme. Positive spin for a shitty week.

Fortunately I did better on the tech side. Shorting the EMS Providers and few tech's for quick in/out trade has been alot more fun.
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