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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Michael Berkel who wrote (3024)11/17/1997 5:04:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
Try looking at your stock in an intraday fashion. You will probably find that the stock opened higher, had some swings that cleared out the buy and sell stops and then gradually settled lower. This is a typical pattern for some of the more volatile drillers lately. The overall pattern is sideways-down. I watched FGII open higher for five days in a row and end each day lower than the previous day close. Seemed to me like the market maker was drumming up business. You need volume to rally a stock in a convincing fashion.
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