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

To: Broken_Clock who wrote (55137)	11/20/1999 9:41:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Papa (REXI) - I didn't go back and research it yet, but I believe it was a combination of short sellers (accounting issues mention by one person?), energy prices collapsing, and getting too far ahead of it's fundamentals at the time. Usually once short sellers grasp hold of a stock it's pretty hard to shake them. It's not like REXI was getting a lot of support from fund managers with it's size and all. From a short term perspective I'm not too worried though. I think short term fundamentals and momentum will take us quite a bit further. I'll sell 1/3 around 10-11 and let the rest run while more information comes out. If there are any remaining issues you're see the shorts back pretty quick like flies on carcas...but I don't think that's the case.