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


To: SliderOnTheBlack who wrote (80393)11/30/2000 12:42:57 PM
From: Brian  Respond to of 95453
 
ng up over 7% today, earnings should be incredible for NG drillers. We may not rally today, but IMO it is inevitable that we will rally.

I am expecting a nice bounce once the US presidency is settled.

Brian

PS. Sure looks like its going to be cold for at least the next 10 days on the east coast.
grads.iges.org



To: SliderOnTheBlack who wrote (80393)11/30/2000 12:47:50 PM
From: SliderOnTheBlack  Read Replies (4) | Respond to of 95453
 
I don't think this is anywhere near the bottom in the NAZ

...days ago; margin was ONLY down about 10% from its recent peak - that was still near alltime highs.

I'd raise the odds of a sub 2000 NAZ from 1 in 3; to 50:50 with a nod to the downside.

BTK 400 and I'm going to Monaco - the hell with Vegas (VBG) - and I just might take Richard along as my valet...hate to be cheering the downside ride; but this was, and still "IS" a bubble by any & all valuation metrics.

6 straight Fed hikes and $35 Oil - with alltime high valuation multiples ? hello.... merely the ultimate pigs got fat & hogs got slaughtered posterchild market - history lesson.

Sorry for the Tech pain people; but someone's got to profit... BTK has to just collapse upon another 200 NAZ points down... probably prudent to begin looking for a cover/exit spot on shorts & puts; as a "free fall" won't be permitted and the fundies will be tape painting hot & heavy at qtr end - end of Dec.

But; imho - the downside continues in January for Tech...



To: SliderOnTheBlack who wrote (80393)11/30/2000 1:32:51 PM
From: Gottfried  Respond to of 95453
 
Slider, I saved your 2 posts to share with others. Your phrase "blinded by good fundamentals" will become a classic.:)

Gottfried