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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Dragon 1 who wrote (37847)2/19/1999 5:48:00 PM
From: Platter  Read Replies (2) of 95453
 
Dragon,You got to be careful with those MM and specialist...they operate in mysterious ways...eg..yesterday after the close, I wrote on the RMBS(stock I bought recently)thread SI..... "Log shows most of trades late in day were 100-200 shares...Mainly small day traders with stop loss..reminds me of DRIV today..MM brought down the stock to 28 during the day for about 3-4 min, triggered some weak hands and stop losses...then within 5 min...the stock was back up to 30 on the ask...Be careful of the games being played with your mind and money out there...RMBS is a good company and has the future locked up with its Technology...It should be back up to 80 before month end...." Well the stock was up almost 10.00 today...Now you got to ask yourself,who are those guys panicing yesterday...similiarly...who would sell FLC at 5.75....not me...because thats a rip off...How much more downside does the stock have compared to upside???...Its like those jokers who think shorting FGI is a smart idea...Its like those who were selling RMBS yesterday at 62 on no news, but prefer to buy it back today at 71...Mmmmmm.Also many people who are holding the stock are just fed up waiting for a turn around, especially when they are dependent on one sector, and not diversified properly.

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