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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (33357)12/22/1998 2:15:00 PM
From: marc chatman  Read Replies (1) of 95453
 
Re FLC: Maybe I'm too cautious, but I'd probably wait to see where it closes. It's been closing at or near the lows the past couple of days, which is bearish for the next day's opening. Having said that, a nice MACD bullish divergence has formed on the daily charts. I think it's just a matter of how close we are to a turn. The risk IMO is that OSX weakness could push FLC down further. Averaging in at this point may be the best bet for those who want to own FLC.
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