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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (27268)8/7/1998 4:09:00 AM
From: Snowshoe  Read Replies (1) of 95453
 
>>This would be Cramer's/TSC's nightmare... off of this potential blockbuster article; nothing happens ! - GLM trades off normal volume and stays flat, - a non-event. Can or can't TheStreet.Com move the market ? - I think we will find out in GLM tomorrow...<<

Slider,

Cramer slammed GLM hard several weeks ago, and his comments were discussed on this thread. I dumped my GLM at 20 for a loss of a couple points after reading that plus hearing negative comments from Thean and LT about this whole sector. It has now traded as low as 12. (And I seem to recall that you criticized me for dumping it.)

I agree that these details on GLM could prompt further selling. But the basic problem of falling day rates has been well described by Big Dog and others, so no one should really be too surprised.

-GLM

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