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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: John Doyle who wrote (53736)10/29/1999 11:31:00 AM
From: oilbabe  Read Replies (1) | Respond to of 95453
 
John: I think one reason for the weakness is that, as the big caps fall, there are more "safe" investments in the patch. If you can buy HAL and SII with a good 30% near term return, why risk your $$ on a smaller riskier stock. At least that's how I'm playing it. FLC down here is a lot safer than RRC down here. The smaller guys will follow the generals back up.
TMR now in positive territory fwiw...up 1/8.



To: John Doyle who wrote (53736)10/29/1999 6:39:00 PM
From: CpsOmis  Read Replies (2) | Respond to of 95453
 
<Why do you think the small cap companies are taking it so hard recently. TMR-MEXP-RRC as an example>

My 2 cents...25 cent drop in NG futures price and THIN trading, along w/ Slider's comment about tax loss selling. Today's small bump up I think is traders taking advantage. Expect a bit of a pop Monday/Tuesday followed by wandering around sideways based on the phase of the moon....


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