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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (33912)	8/31/2001 4:45:56 PM
From: American Spirit	Respond to of 37746

HAL is at a 52-week low with cheney in the White House. I'd say it's a good bet energy stocks will recover somewhat.

To: Softechie who wrote (33912)	8/31/2001 5:06:46 PM
From: velociraptor_	Respond to of 37746

Considering that many are off 80-90% from their peak value, you're probably right, but it depends on your perspective. A stock that once traded at $100 and is now at $10 can easily still lose 50% of it's value. In the short term, it's a big haircut still to lose 50% from here. But in the grand scheme if things, hey, it's only another 5% off the top price.