Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (3202)	11/19/1997 2:32:00 PM
From: Michael Berkel	of 95453

Thean, I try to understand what's going on. Further to your post #3109 I see: 1) Gap down at the open. Good sign? I really doubt it. By noon the entire sector did not rally. FGII, RON, ESV,CDG and so many other great stocks are being dumped for no real reason. What do you make of it as a technician? I take it that we are not out of the woods at all. Is there any positive interpretation to give of today's downward spiral? According to my idea this is the bottom: FGII 30-32 CDG and RON 58-60 Hong Kong 8000. NE 30 ESV 30-32. This is were these stocks traded not so long ago. I am curious to read your take on all this today's selling. Michael Berkel

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