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: heraclitus who wrote (31737)	11/12/1998 10:42:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

Pissani - ''we report & you decide'' - NOT... Is this geekoid's job to ''report'' the news; or to ''spin'' it ? Is our favorite pencil-necked Geek, a reporter or an analyst ? First death by 1000 cuts; now - ''they should retest their October lows''...? - he's calling for a 25-30% fall ? Up 2 1/2% is ''mixed results'' ; ''don't be fooled by this move'' etc. but if the DOW is up 2 1/2 % its a huge move...go figure. Not that I totally disagree to some extent - allthough, I don't see us retesting lows off of Capital Expenditure Cuts by the majors - no surprise and all ready factored in to some degree. I would think this is prudent profit taking after a nice run here heading into a Fed Meeting - which I view as a great buying opp... A crusade yes ! - for whose benefit is the question.

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