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

To: chowder who wrote (89264)	8/15/2007 4:55:00 AM
From: energyplay	Respond to of 206338

Three points - Some funds are still selling anything that can fetch good price. Redemptions are coming and many hedge funds will need to give the money back. This doesn't mean BZP or TRGL or GTRE is bad and AEN is good, people sell what is in their portfolios. I just don't think that BZP, TRGL, GTRE all have oil drilling problems. Even ATPG has almost done a round trip in the past 10 days, coming back down. Some of these funds get margin calls and do need to dump everything, most funds are a little more systematic. So the price of XYZ is not telling us about company fundamentals at XYZ, but that a fund that owned some XYZ has to sell. >>> I don't think we will hear an "all clear" siren...it is just that the selling will erratically slow, then stop, and as new money slowly goes after value, the prices will recover. That might be in two weeks or two months. >> We may see a rally for options expiration, this Friday, August 17.