Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gold$10k who wrote (28268)	2/17/2003 2:33:23 PM
From: Frank Pembleton	Read Replies (1) of 36161

You mean negative talk as in I'm a contrarian indicator? Personally I've been buying stocks that have tremendous short positions against them -- like Calpine and it's all because of the rising bearishness of the P&C ratio: stockcharts.com[h,a]dboayyay[dc][pd20,2!f][vc60][iuh14,3!le12,26,9][J10278972,Y]&listNum=7 ...at some point that rising trend line is going to be pointing in the other direction-- and that'll be translated into a sharp rally. ...and like I was saying previously-- the markets don't stand a chance at $25+ oil and I can't see where this wall of crude is going to be coming from with already record low inventories of both natural gas and crude. I'm still bullish on gold...but after a major swoon this summer that will finally break "confidence." I'm betting we'll see new lows in the broad markets followed by another financial default or sorts. I'm long on gold after the August-- and for now? I'm holding 4 non-producing juniors which makes up approximately 30% of my portfolio. Regards, Frank P.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next