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Gold/Mining/Energy : Swift Energy (SFY)
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To: PuddleGlum who wrote (1538)8/24/2001 12:29:25 AM
From: PuddleGlum  Read Replies (1) of 1602
 
This price action has been abysmal. Up on low volume, down on big volume means nothing good in my book. My charts indicated last weekend that we were in a high risk condition so I tried to sell a few covered calls on Monday, but nobody took me up on my offer.

If one believes that our cash flow numbers for 2001 will come in close to $6 per share then $24 is at the historic low end of p/cf ratio and we're fundamentally in decent condition. For that reason I didn't aggressively act on what my charts indicated.
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