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Gold/Mining/Energy : Swift Energy (SFY)
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To: PuddleGlum who wrote (1541)8/31/2001 9:20:56 PM
From: fp_scientist  Read Replies (1) of 1602
 
Puddle,

NG low prices are killing us. Someone dumped a nice block at the closing and brought it down to 23 and change.

So, the question now is: how low can we go?

There are no buyers in this market and those who need to sell, get creamed.

This is a cyclical sector. When everyone is about to give in, then is time to buy. Unfortunately, I own too much SFY, so I will just stay put for now ... cannot/should not buy anymore. Will lighten up a bit if opportunity arises.

fp
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