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

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To: sportsman who wrote (3858)8/28/2001 7:23:32 PM
From: chowder  Read Replies (2) of 206092
 
Sportsman, I agree with your assessment of FTO. They do have good fundamentals. However, it wouldn't surprise me to see some profit taking here as we're likely to see some uncertainty in the sector. Let them AGA's show a couple of more large builds and we might even see panic.

My mind is open though. If the charts want to turn positive tomorrow, that's fine with me. I'd much rather cover shorts and go long.

Keep in mind, energy stocks will be comparing weak numbers Q over Q and most stocks don't show rising share prices into the face of weaker earnings. At times like this the technicals take over from the fundamentals until the cycle gets back on track.

I could be wrong, we'll see.

Best of luck!

dabum
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