International Rochester Energy Corp. (T. ROH) Message Board

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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH)

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To: Ditchdigger who wrote (240)	12/11/1997 11:02:00 PM
From: gholst	Read Replies (2) of 934

It may as well be a holiday.Haven't seen the market like this ever.You get the feeling that its more than tax loss selling.The fiascos throughout the year that started with Bre-ex and continued. Commodity prices aren't that great either.Now some of the heavy crude producers are starting to plug,because of the price.Lot of junior companies won't be around much longer,can't get financing for new exploration.Looks like the next support for gold will be around $260.00. Companies are trading at 10 cents on a dollar.Directors setting new options to take advantage of the price decline.(investor gets screwed further).Usually a guy plugs his nose and picks up a few stinkers this time of year,but not sure this time around.The technology stocks got hammered as well today.The Asian markets in turmoil.Might be wise to short anything that moves up a few percent. Having said all of the above,there are still some companies with great potential,like roh.Think I'll get some more tomorrow. The Canadian oil index went through this awhile back,and came back just fine.You just don't know when it will happen. Have a good one.Glen

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