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

To: excardog who wrote (33727)	7/19/2004 7:47:41 PM
From: profile_14	Respond to of 206131

excardog, I was out at the open at 14.25 this morning. I listened to the cc. They are doing fine, but inventory is up a little and the earnings estimates are wide, possibly lower within certain ranges. Nothing to justify the slaughter, but with a beta of nearly 2, it is very volatile. I expect selling tomorrow and possibly closing at the low of the day if the mood of the market does not change. Why it would is beyond me, since there is little to go on, but that is my best guess. I would not short it here as the odds are in the favor of the longs after such a long pullback over the last couple of weeks. Perhaps tomorrow is the capitulation everyone talks about with regards to FLEX. There are other fish to fry.