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 (3354)	11/20/1997 12:22:00 PM
From: Velocipher.	Read Replies (1) of 95453

I think the 2:00 conference will bring in the buy volume to hold the gains into the close. Today is becoming less important IMO, tomorrow's follow through or lack there of will tell the tale. Of course, if you're not in today, and there is a follow through you would have missed a possible bottom. Just another example as to why calling a bottom is a crapshoot at best most of the time. Best strategy? Begin buying when lower BB is approached and then average down till turnaround begins. This has always worked for me as long as the fundamentals of the sector or stock are intact. Greg

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