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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Terry D who wrote (3654)8/16/2001 4:36:38 PM
From: excardog  Read Replies (1) | Respond to of 206323
 
Terry

Looks as if lightening into strength yesterday was the right thing to do. This market is tough to play right now so being light on one's feet seems the only way for me to do any good.

Was out all day so didn't do anything but check the hand I had and those two from yesterday RRI and SGR actually went up for some strange reason. Tempted on SII but decided to watch instead. Thinking under $50 as a buy point.

On the E&P front I would put DVXE on the watch list. Last quarter earnings were 27 cents and I would expect roughly the same number for the next 2 quarters. What is depressing the stock IMO is they had announced at the end of Q1 that they were in talks to merge or be sold and they announced this quarter that due to falling gas prices those talks have been put on hold. Appears that today someone got tired of waiting and pushed the launch button based upon the volume uptick. I'm guessing there is going to be plenty of supply in this issue for a while as todays volume finds distribution. At some point she could be a good value play book is in the mid $5's.

Regarding the Iso man I have become more than amply aware that he at one point was a retail broker with a big house (I believe those are his words) since he has stated same maybe 1000 times or more. I don't follow the drilling thread any longer due to the fact that one can't make any money there. Just the same old berating of posters that didn't sell held to long were too bullish etc.

As far as brokers being the bottom rung I was always under the impression it was used car dealers closely followed by the legal profession. Having been on the car side I can tell you we rarely felt much affection from the media or the public.

Best

Scott