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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (10248)1/30/1998 4:52:00 PM
From: RGinPG  Read Replies (1) of 95453
 
How soon we forget. To me, this IS consolidation. Consolidation means we go up some and go down some right? Yesterday OSX was up 5%, today it's down 4%. It's still up 1%. But the OSX masks the strength found in many of the smaller companies the last two days. E.G. MDCO up 10% yesterday, down only 3.7% today, FGII up 8% yesterday, down only 2.2% today, DO up 7% down 3% and on and on. We are no where near looking like we are going to test new lows, as a matter of fact, it still looks like we are going to have higher lows. All this is good. I wouldn't get discouraged just because we didn't gain another 5% today. The trend has been broken, we are on the way up. Don't lose sight of the big picture just because today looks nasty. In light of yesterday's action, it's actually pretty good. I was hoping too for higher prices, but I was only hoping, the reality is that the market goes up and down.
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