Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BigBull who wrote (42774)	4/20/1999 4:41:00 PM
From: upanddown	Read Replies (1) of 95453

What a difference a few hours make. quote.yahoo.com Actually Bull, you may have reinforced the trading mentality with this post. Since you posted this at 4:09 PM EST with a 20-min delayed quote, you probably were looking at a 8 1/8 price from approx 3:50 rather than the 7 9/16 price at the close, a 7% drop in 10 minutes. Its very true that those of us who endured the OS crucible during the second half of 1998 tend to be a little slow to buy and a little quick to sell.....once bitten, twice shy. I agree that the trend is up and anyone waiting for a return to the prior lows will be left at the starting gate. Most of us attuned to trading the sector are very optimistic long-term but still want to reduce cost-basis thru trading the overbought/oversold conditions of a very volatile sector. In these days of penny-ante commissions, nothing is forever. If the API numbers are not positive, I look for a media spin of "storage tanks brimming" and a buying opportunity after a brief sell-off. DrSvelte's comment about API selloffs on Tues/Wed was a perceptive one. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next