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: HH who wrote (8061)	1/14/1998 8:57:00 PM
From: NucTrader	Read Replies (1) of 95453

EVI hasn't done badly either. I unfortunately missed CDG @ 36. BUT. In yesterday's IBD on page A7 the "Investor Corner" they were quoting some guy who thought we were in the distribution phase of a bull > bear market, and that phase could take from 3-6 months. Encouraging stuff like: market fundamentals were weakening; market was making lower highs; accumulation/distribution was shifting to distribution; and then [if he hadn't already said enough], he cautioned not to believe the averages, which he termed the JUDAS GOAT which sucked people in by rising when the underlying fundamentals were deteriorating. Now he wasn't talking specifics like the drillers but I mean, hey!, sort of makes one wonder if one should be SELLING now or HOPPING IN with both feet [I don't believe everything I read....]

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