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: The Perfect Hedge who wrote (3601)	11/24/1997 10:41:00 AM
From: bw	Read Replies (3) of 95453

Geez..Is everybody having fun yet? <g> Sold my DO for a loss this morning on down trend that was developing. Next move will be to look for NE around $30..My thoughts? Fundamentals are great, but the market forces are dominating stock prices. As they say, "the trend is my friend"..[with friends like that, who needs enemies?] Another feeling is that the little guys have become fodder for the institutional players in this sector. Instead of evaluating fundamentals, charts, etc...it would be beneficial to determine when these funds will buy back in. I am not knowledgeable on their timing as far as tax implications, compensations, etc..at this time of the year. Any insights?

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