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


To: SliderOnTheBlack who wrote (80396)11/30/2000 1:14:13 PM
From: Winkman777  Read Replies (2) | Respond to of 95453
 
OSX = 98.6, seems "normal" to me. (G) I think that this may be the bottom.

Have just sold NEM and am buying back LT covered calls on drillers. Had some puts assigned (somebody needed cash) and sold stock earlier.

Heard from laid off employee that GE financial is closing down a NW suburban Chicago car financing department. 400 employees were told to clean out their desks yesterday.

Good luck all. Winkman



To: SliderOnTheBlack who wrote (80396)11/30/2000 2:28:35 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
At this point I'll probably be shorting SII into strength if it crosses back above 63 to 65 again. DOW breaking back below 10500 again. Nasdaq going below 2500. The OSX leaders snapping technical support like twigs. This is sooooo very ugly.

Not even tempted to buy today. Will we bounce from these level? Yes, but I don't see it lasting.



To: SliderOnTheBlack who wrote (80396)11/30/2000 2:30:22 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
I do think the NAZ is nearing A bottom, but not THE final bottom. The NAZ 10 day arms index -- one of the most reliable undicators of market bottoms -- is now higher than than at the 1998 trough and near the 1.30 reading that almost always signals at least a decent bounce and often a major move.

But hey why pick on the NAZ! The OSX has done even worse than the NAZ of late. The markets are scared about a possible global recession next year and anything that might suffer from such an event is being marked down heavily. The markets will start to rebound when the Fed signals it is ready to ease -- but may tank again if Fed ease fails to arrest sliding economies as has been the case in Japan.



To: SliderOnTheBlack who wrote (80396)11/30/2000 10:14:29 PM
From: seminole  Read Replies (1) | Respond to of 95453
 
<<< and I just might take Richard along as my valet.>>>

I am honored.
I might be willing to work for a good short call
on the NAZ or BTK to protect my position in MOGN.

Interesting day.
I was down several years salary early and had to dump KEG for a loss
but MOGN and HM work their magic to have me up 4% for the day.
Thanks for HM. Sold today for a nice profit.

If you wait a few months before you take your trip,
a few more pancreatic tumors should be shrunk
and I will hire a OPEC prince to carry are bags.

Remember, it is not the indexes you pick. It is the stocks you pick, IMO.