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

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To: The Perfect Hedge who wrote (4108)12/1/1997 4:57:00 PM
From: David Spruiell  Read Replies (1) of 95453
 
All this reminds me of the Disc drive thread last summer. Lots of people supporting how great the drive stocks are while watching them drive down as much as 80 %. The drives were and still are a solid business. But the stocks crashed. The reason doesn't matter and for that point, there doesn't need to be a reason.

A little traders joke: When do you know when you have hit bottom?

The analyst will issue downgrades.

Bad Humor
David
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