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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gameboy who wrote (26905)8/3/1998 10:19:00 AM
From: waverider  Read Replies (1) of 95453
 
Another new low for OSX. Wishful thinking aside, oil is probably going lower, earnings estimates will be cut much more and another 10-20% drop in this sector is a good bet. The only stock that has ever shown much panic volume was VRC, which would typically indicate a bottom...but as we all know, the selling has continued. That is bad.

Can we say NE at $15-$16?

Stop hoping and face what the market is telling us. New lows nearly everyday and the general market is in very bad shape.

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