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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Michael Berkel who wrote (3092)11/18/1997 8:34:00 PM
From: B Hewson  Read Replies (1) of 95453
 
It seems to me some of this selling may be related to the bloodletting that has gone on in some of the tech stocks, like the semi equip makers. Huge declines in three days, wiping out most of a year's profits. (this happened on Oct. 22-24.) Momentum investors in drillers don't want same to happen and are more than edgy. Fear means sell now and think later. People wanting to preserve big profits and burned by last few weeks in techies.
Barbara
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