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: Richard D who wrote (32318)	12/1/1998 12:49:00 PM
From: gregor	Read Replies (1) of 95453

I'm no TA but the concept of a triple bottom seems to me to be very weak on a technical basis. The mere fact of a triple bottom or quadruple bottom to me only reinforces the current long term or intermediate term trend. I got in the OSX a month ago and had a 20 % gain at one point. I got out yesterday with a 5% loss so I need a gain of 5.26 % to make up for my loss. If I watch it go down 20 % I need a 25% gain to offset the loss. If you think a rebound is in order and want to go long.....PLEASE..set some very tight stops....gregor

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