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To: isopatch who wrote (6399)3/20/2001 11:16:21 AM
From: Michael Watkins  Read Replies (1) | Respond to of 8925
 
Hi Isopatch - what's your thoughts on producers these days? I have been trading CDN energy stocks off and on the past couple of years, curious what your thoughts are on the short to medium term outlook. A number of names are trading at levels not seen in 4 or 5 years, many have room to go before all time highs.



To: isopatch who wrote (6399)3/21/2001 11:33:42 PM
From: Teresa Lo  Respond to of 8925
 
"...don't think this Bear Market is anywhere near over either in time or in price..."

I think you are right on with this assessment. I have seen so many markets that "sucked wind" so badly, particularly after a big giant parabolic run. While everyone is now looking for a capitulation bottom, and eventually it will come, or it will just bottom out of sheer exhaustion, the time it will take to build and base will be considerable.
Investors are going to be really surprised I think.

Right now, they are just praying that the bottom is reached "soon", and I suspect most believe that the "game will be on again". I believe they will be disappointed.

T.