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Strategies & Market Trends : Strictly: Drilling II
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To: isopatch who wrote (15978)7/19/2002 11:27:29 AM
From: Roebear  Read Replies (2) of 36161
 
iso,
Suspect a short covering bounce may be coming in HL judging from the tape action.

Just guesswork, MHO, but indications would be some of the preferred folks may have shorted to hedge their common shares payout. In any case the short position was up in June, suspect it went up more in July. Opinions on this welcome.

Also I'm noting a lot of profit taking in the gold/silvers.

Now everyone ELSE is too early, gggg!

Finally, GEE, if Friday is this bad, what will Monday look like???

Black Monday ala 1929?

Best,
Roebear
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