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


To: tom pope who wrote (39642)2/28/2005 8:37:17 PM
From: Ronald J. Clark  Read Replies (3) | Respond to of 206209
 
"I'm not certain I understand how the news could lead to an 18% haircut, so there must be something I'm not getting."

Maybe it's the fact that TGA (Transglobe Energy Corp.) had gone up 38% in the preceding 2 weeks on no new news just prior to the 18% "haircut" on today's news of a dry hole? Put another way, Transglobe is up about 13% in the past 3 weeks with the only new news being a dry hole in their Yemen exploratory play.