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


To: Crimson Ghost who wrote (92634)7/20/2001 7:20:52 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
George, two big reasons 80 is not the low (although a good technical bounce area).

1. The build season (for aggregates) doesn't end till Dec.

2. Tax loss selling will hit these stocks hard in late fall.

Potential reason no. 3 is that the whole oil complex is now just completed the topping out process (H&S Tops) and has in all likelyhood commenced a major bear market.