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: diana g who wrote (31657)	11/10/1998 5:03:00 PM
From: upanddown	Read Replies (2) of 95453

Diana: How about this brilliant piece of advice from LT (aka Nostradamus) ? My original target was for a bottom during August-Sept, and while we did get a nice bounce from there. IMO, that was not the bottom it was close. Anyone who bought there should probably just hold. Anyone who has bought in the last week or so, should probably sell. Unfortunately, I think the drillers will likely see at least 50% to 80% losses from here till the ultimate bottom. Lets see now...if you bought at 47 and are holding at 70, just hold here even though, uh, its going down to at least 35 and maybe 14, according to my "work" and my smart friends. With great advice like this free on the net, who needs financial planners ? This guy is very useful...as a contrarian indicator since he has been WRONG about 80-90% of the time. He really needs to add an H to his IMO though humble pie is very obviously not LT's favorite snack food.<g> John

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