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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: chowder	12/2/2004 11:16:57 AM
	Read Replies (2) of 206161

PTEN is seeing some short covering at a price support level that goes back to October. Those buying here may have found the bottom but we haven't had time to see the margin call sellers kick in yet. There isn't any upside momentum to speak of. Buying in the middle of the day is never a good idea anyway. It's best to wait until late in the session where you can see if any margin covering starts to push the price down or if buyers are coming in to support the current price. Just my point of view FWIW. dabum

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