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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (4787)12/11/1997 1:55:00 AM
From: The Perfect Hedge  Read Replies (1) of 95453
 
More bad news this evening:ASIAN MARKETS ARE GETTING KILLED ALL OVER THE PLACE.that's not what we need to wake up to tomorrow on top of the news from TXCO.Tomorrow could get really nasty.Just got back and read all the posts and it looks like we are still in the dark about what effect this cut in spending will have on our stocks.One thing is certain:CNBC can bring us to our knees tomorrow and I think they will.I have seen them report headlines without looking into details.They like surprising news and this fits unfortunately.I think we will get a good clubbing manana.What is weird is that other co's are coming out and saying they will increase spending but there was no big news but this negative news will make it's nasty way into our gains.
OTH the selling can provide big buying oppurtunities if you're ballsy but it's going to be tough to call a bottom on this one.Will it be a one day wallop or 15 rounds of getting batterred?I think we need to stay close and all try to call it.Hey we called the bottom(ok,Simmons called it!)last time and I think we can do it again.
As you can tell I'm prepared for the worst but I think the stage is set.Talk to you guys in the morning.I'm ready for the battle-I'm comin' out swingin'.GD
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