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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?


To: PuddleGlum who wrote (1346)12/7/2000 11:24:18 PM
From: fp_scientist  Read Replies (1) | Respond to of 1602
 
PG,

INTC warned but they will still have flat revenue Q3 over Q4. Much better than MOT or AAPL. Market was ready for much worse ... Most of these bad news were already built into the stock price. Intel actually went up in AH after the dip following the halt. NAZ futures are currently up.

As far as energy getting no respect ... I agree with you. SFY has gone up substantially this year ... Everyone has been calling the top for a month or so now ... But oil and gas remain stubbornly high, haven't they? Market believes that NG prices are a bubble ... Nobody is selling but there are few buyers either ... Is there something like "reverse capitulation"? One of these days the Street will figure that companies like SFY are cash cows with NG at $5 ... and they will come ... in droves. Patience is needed, I guess.

fp