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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (43271)4/26/1999 5:07:00 PM
From: SargeK  Read Replies (2) of 95453
 
Slider "The Mouth"

Msg #41752, Apr7. Slider: "I'd expect some buying/firming here aytime now - especially in individual stocks - if not soon - take profits, move to cash, or rotate to firm/stable Integrated, or Major Oil's... how the hell can anyone ride GIFI from $12 back to $8 ? - and it looks like thats where we be going...(VBG). ....cash and profit taking are not dirty words."

On Apr 7 GIFI traded between 9 ½ and 10 ¼ closing @ 9 1/2. This followed an intraday cylical hi of 12 3/16 on Mar 30 and it must have appeared to Slider that on Apr 7th GIFI would continue the slide toward 8.
That is what he said if I interpreted the above quote correctly: "and it looks like that's where we be going...… cash and profit taking are not dirty words."

Had anyone followed that advice and I am sure many did, they would have sold exactly at the wrong time and missed the significant part of the GIFI rally to 16 hit on Apr 19.

I am not calling Slider or anyone else a liar. He just has a convenient way of restating a past which is not always supported by the record. Caveat Emptor!

As far as today's GIFI action I don't know why weakness during most of the day was followed by strength before the close. It could be Petronius, but I don't know that.

SargeK
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