Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (7325)	2/7/2002 2:02:58 PM
From: isopatch	Read Replies (3) of 36161

Good thing we avoided Hanover Compressor @ $14-15 Class action fraud suits against their management are piling up. Another was announced yesterday morning. biz.yahoo.com I'm not a big fan of ambulance chasers. But they can smell easy prey, a mile away. And when a bunch of em show up? Tryin' to fade em with a big long position is a rookie trading mistake IMHO. Top amateur traders and pros instinctively sense the shift in risk/reward that recent weeks price action and news in that stock has telegraphed. Players diving into anything that makes a big drop assuming historic valuation measures will protect them are just showing their ignorance of common sense risk control and well established trading rules. Experienced players know the tape always leads public disclosures that can drastically change standard spread sheet value metrics that are, by their very nature, a rear view mirror perspective Be interesting to see how this plays out. But so far, Mr Market has ruled in favor of my table pounding warning to stay away HC. What a blood bath since the heavy pump on another thread led to an immediate blood bath among the many who posted taking big positions in this falling safe. BTW vt, kudos on some very nice rotational trading work throughout the PM worthies on both sides of the border.<g> Regards, Isopatch

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