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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Dwight E. Karlsen who wrote (3970)12/1/1997 12:03:00 PM
From: Judy  Read Replies (2) of 95453
 
Dwight, I watched the tape action of drillers this am .. the selling volume was not non-significant. MDCO violated its 200-day mav intraday, let's see how it closes.

For what it's worth, I usually leg into long positions since it is almost impossible to find bottom in fast moving markets, taking 1/4, 1/2, 1/4 portion of shares. As for options, I wait for a bottom to set and the trend to turn before initiating positions. Time value costs too much to waste. Take care.
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