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 (31862)	11/16/1998 4:22:00 PM
From: RGinPG	Read Replies (1) of 95453

Actually, I'm concerned that the much anticipated rate cut has already been priced in, and now it can only be bad news. Just like a huge Iraqi conflict was priced into this sector, and now out. If the cut is not larger than expected, I imagine the market will correct for a while. And with the economic news being better than expected, there is some risk of the Fed leaving rates where they are. I've dumped some of my Europe fund in anticipation of a correction. In the mean time, I love the way my shorts are looking. I've promised myself to be true to my system, but it sure is tempting to take some profits here. osxstocks.com

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