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

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From: GREENLAW4-7	8/31/2009 7:18:46 AM
	1 Recommendation Read Replies (4) of 206223

WOW, wake up call in the inflated-bloated OSX/XLE. BJS gets taken under!! What does this say about those who believe these companies will see 2008 highs again? For the record BJS surged after a 2 for 1 split last year to 88-90 pre split or 44-45 after split. From 1991 to 2005 it had been in the range between $2 low to a $22 high until it broke out with index in winter of 2005 to a new high of $27, Between 2005 high and 2008 the range was $22 to a high of $44. Perhaps some re-adjusting of expectations on the Long side should be expected with such a glut of supply. GL

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