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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: gregor who wrote (31984)11/20/1998 2:51:00 PM
From: articwarrior  Read Replies (1) of 95453
 
I don't think I said only fools would short this sector but did say not good idea to go for shorts cause a squeeze right now would come quick.
But on another note check out this...It ain't over yet!

11/20 14:18 Iraq raises objections to weapons chief's request

UNITED NATIONS, Nov 20 (Reuters) - Iraqi raised objections on Friday to a request for information by chief U.N. weapons inspector Richard Butler, saying it "seems to be provocative rather than professional."

Referring to the U.N. Special Commission which Butler heads, Riyadh al-Qaysi, a senior Iraqi foreign ministry official, said, "We hope that UNSCOM will discard this unprofessional approach which would unjustifiably lead to the prolongation of work, and thereby maintaining the inequitable embargo on the people of Iraq."

" Is this the next leg up?"

Since we did not see a triple bottom ...yet...but are seeing higher lows this is a good sign for the next leg up..like RGnpin said "if this is not a fools bull rally." But remember some of this action is due to good old options covering. I enjoyed selling my puts on FGII this am. Made some good money on the way down..especially liked my put return on lead headed Keg. Hope prices move up soon for Keg or we will see some companies face down soon.


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