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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject2/11/2003 9:32:37 AM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
ie: the MYTH of Earnings Impact in Cyclicals

HL announced pre-open today - what would have to be acknowledged as outstanding results and earnings.

Now - let's see what Mr. Market does with Hecla shares ?

...go back to mid-late 1998 and look at Oilpatch Co. TransOcean Offshore (RIG)...thier earnings tripled/quadrupled over 3-4 consecutive qtrs as their shares imploded to 1/4th of what they were when the earnings ramp started.

How fundamental is buy the rumor - sell the news ?

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