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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (15978)	7/19/2002 11:08:03 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 36161

<<Even though a retracement is quite possible on a quick spike like this>> Agree 100%. <<This is impressive>> And totally unexpected. Caught me flatfooted. Wayne

To: isopatch who wrote (15978)	7/19/2002 11:27:29 AM
From: Roebear	Read Replies (2) \| Respond to of 36161

iso, Suspect a short covering bounce may be coming in HL judging from the tape action. Just guesswork, MHO, but indications would be some of the preferred folks may have shorted to hedge their common shares payout. In any case the short position was up in June, suspect it went up more in July. Opinions on this welcome. Also I'm noting a lot of profit taking in the gold/silvers. Now everyone ELSE is too early, gggg! Finally, GEE, if Friday is this bad, what will Monday look like??? Black Monday ala 1929? Best, Roebear