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: Elmer who wrote (27289)	8/7/1998 11:42:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

Elmer great point - Big Dog - ''decoupling'' here with no crude move ? ... ...just kidding on decoupling; but for a 20% move with crude flat and no positive oil news - had to ''some'' decoupling... Elmer - great points - notice the silence from the ''timers'' ! ...they don't know what to do ! My point exactly - they chastised us who averaged down and bought here at fundamental numbers - ignoring the market. Do they miss the 30-40% move or do they jump on now and get taken down 15% - triggering a stop loss sale in a few days....or do they do nothing and miss a 40-60% run ? Hey; I have no problems with ''traders'' but, momenteum - follow the leaders who have no clue to the fundamental financial value of these companies - and are clueless in any research; enter only on a '' I have no reason other than I will follow the crowd'' - MOMO mentality; they will continue to get whipsawed here.... Basing to a bottom, but still not where I thought the ''true bottom'' was - when RIG was $38-9 and EVI $26-7; we went 10% below where I ''just knew'' institutions would step in. - Maybe they are not so stupid after all,,,, That CNBC chart on everyone up 10-11% on double volume was an ''event'' ! - this could be it, but will it be a turn on the dime ? - whaata you say Diamnon H ?

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