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: SliderOnTheBlack who wrote (26035)	7/21/1998 12:10:00 AM
From: Lucretius	Read Replies (1) of 95453

Slider, I was P. Messaged this: <<<Comments ? I saw nothing to trigger this type of a sell off, ie: CDG down $3 ! ...IMHO there wasn't anything out there to drive this type of a loss ?>>> I say this in the nicest way: "When you are ready to listen and not shout insults and sarcastic comments. Come and see me. We can all profit together thru the pooling of our knowledge!" I'll say it again as we are hitting new lows in the drillers. Here we are only 4 business days after the "bottom" was called by some and we are till moving lower in driller land. THIS IS NOT THE BOTTOM!! Not only does volume from that little 2 day rebound last week not indicate a capitulation, but there's still lots of bad news that hasn't come out yet on these stocks. Wait till mid-August to buy or at least a day or two of significant up-volume after an intraday rebound to indicate a bottom. If still holding... sell calls. IMHO Dog: What are you hearing in the patch? Send me a P. Message! -Lucretius

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