Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (7307)	2/6/2002 5:32:09 PM
From: Louis V. Lambrecht	Read Replies (1) of 36161

Imperfect formations again. LOL. GLG is closer to two crows, bearish also anyway. On other miners, seen some gaps closed. Re: earnings rallies. Other times, other trades. I remember the dot.com bubble and shares tanking over earnings. Observed the SA miners rise on earnings and start a move some 3-5 days after. Don't know 'bout Canadian miners <g>. Think OJ is correct about a correction, tho I am not as bearish as he is. IMHO, some days of PoG between 292 and 300 would help some shorts or hedges to unwind at the cheap. Also, at this psy level of 300, I think some dormant buy stop limits have been clicked which have immediately been sold these two last days. (Excluding NEM, the miners I follow had higher volume at bid). Let's close some gaps before resuming a rally. <g> After all, we where wondering lately why miners were rallying ahead of the PoG.

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