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To: que seria who wrote (87563)2/17/2001 9:02:51 AM
From: isopatch  Read Replies (3) | Respond to of 95453
 
que seria. How much of a reflex rally

are you looking for in the NAZ? A serious run towards 3,000 or just a pop to 2,600-700?

Isopatch



To: que seria who wrote (87563)2/17/2001 9:08:43 AM
From: Tommaso  Respond to of 95453
 
I didn't realize that you were into the ELH venture. Maybe it's more respectable than I thought. <g>

(It does seem a lot better than, was it, Mark Twain's definition of a gold mine, "A hole in the ground with a liar standing in front of it.")

I am going to hold PYR in hopes that when they have actual cash flow they will rapidly move on to greater things--or just more wells in the San Joachin Valley.

Of course, you may be right in that even the best energy stocks may get swept down with the rest of the market. But the headline in our local paper today, promising lower NG prices, rouses the contrarian in me.



To: que seria who wrote (87563)2/17/2001 11:45:14 AM
From: Area51  Read Replies (1) | Respond to of 95453
 
< I note the 61% bullish report with great disbelief>

I think your skepticism is warranted. Here is the latest AAII sentiment survey dated 2/15/01:

Bulls Step to Sidelines, According to AAII Sentiment Survey
Where did all the bulls go? This week's American Association of Individual
Investors' (AAII) sentiment survey showed that bulls stepped to the sidelines. The percentage of investors who consider themselves bullish dropped to an eight-month low, coming it at 30.43% during the week ended Feb. 14. The percentage of investors who consider themselves neutral, meanwhile, came in at 47.83%, the highest reading in a year. The percentage of bears moved higher during the week as well, coming in at 21.74%.

The survey's recent success at being a good contrarian indicator remained intact last week, as the percentage of investors who considered themselves bullish during the week ended Feb. 7 reached a two-month high. Not surprisingly, the Nasdaq fell 4.5% during the past week. The Dow fell 1.4%; the S&P 500 fell 1.9%.

This week's higher bearish reading and lower bullish reading should be perceived as bullish by the market. The wild card, though, is in the neutral figure. Next week's poll -- for the week ending Feb. 21 -- should be interesting,
as we find out if those investors sitting on the sidelines decide to take on a bearish or bullish stance -- or if they decide to remain in the middle a little while longer.


thestreet.com