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


To: FloydP who wrote (1433)4/5/2001 1:06:04 AM
From: PuddleGlum  Read Replies (1) | Respond to of 1602
 
According to p&f, SFY's downtrend began around 10 days ago when it hit $29. I was willing to be artistic about the chart until it hit $28 on Tuesday. Now the chart is sunk for awhile (until Kauri hits, if not longer). There are tons of stocks out there now that will likely double or more in 12 months, so the only reason to overweight SFY any further in my porfolio is if I think it has a reasonable shot at a triple in 12 months.

The market is treating energy stocks as if the Lehman report were the gospel.

I presume you'll be in Houston for the meeting? I wish I could. But $120,000 in SFY stock doesn't make me very inclined to foot the bill for a flight out there. Now, if I had as much as you or Truth...