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: Iceberg who wrote (5663)	12/19/1997 10:40:00 AM
From: Arizona Pete	Read Replies (2) of 95453

I have no idea when the downtrend will end! There are a lot of people who will tell you when and why, however I am skeptical of fortune tellers, in spite of the tools they use (TA, Fundamentals etc.). I sort of make a comparison to living. One can live in the past or live in the future, but the real living goes on in the present. Don't most press releases contain a statement to this fact? Regarding the market, I can only look at it in the present (with poor eyes) and currently it (the drillers in particular) is in a downtrend. Don't get me wrong, I love the drillers fundamentals, but as in business, having the best product does not mean it will sell.

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