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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: kumar L chalasani who wrote (30469)10/7/1998 6:26:00 PM
From: Don Westermeyer  Read Replies (1) of 95453
 
Kumar,

Here is just some general comments that I'm sure have been said many times by other people already, but I feel like being redundant. :)

1. As far as block trade go for each seller there is still a buyer. Sometimes that is hard to remember when there are so many more sellers than buyers.

2. I've read that there has been some institutional interest in the sector. That appears to change on a day-to-day basis. Tomorrow they may be buyers again.

3. If you are long, you will have to deal with tax-loss selling over the next couple of months. FWIW - I will be one of the buyers in there. Hold on to your hats for a while - things will settle out eventually.

4. Don't invest so much that you need to worry short term. Give these stocks a year or two (or more?). I'm positive this sector will out-perform the general market.

5. There are very few people that have made money in this sector over the last year (myself included) - sorry to say welcome to the club. :o(


It is amazing to see how fast market greed turns to fear (not directed at you BTW - just an observation on the market).

I see YHOO beat expectations with whopping $0.15 earnings. The stock will probably fly even though the P/E is 200+. There are still some signs of irrational behavier in that sector.

Just bantering - sorry.
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