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 (31400)	11/3/1998 11:38:00 AM
From: RGinPG	Read Replies (2) of 95453

This seems like Deja vu all over again. Does anybody else remember April Fools day this year? The day before I got a lot of sell signals with the Peak Sell system osxstocks.com and sold off all my holdings. The next day (just like yesterday) the OSX was up 5% to 6%. I gave up and bought back into what I thought was a little dip the next day (just like today), only to find out later that the trading system was right and it was the beginning of a 10 day downcycle. Well, this time I'm holding onto my shorts (pun intended) in accordance with the trading system. The fundamentals on these stocks are still weak, earnings estimates have fallen on average another 20% in the last month. (That's in addition to earnings being cut 40% over the previous 3 mths). osxstocks.com (This page will be updated in a few minutes) P/E's have not improved in spite of prices falling 50 to 75%. We are a long way from going straight up IMO. osxstocks.com

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