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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Alias Shrugged who wrote (2784)11/7/1997 11:13:00 AM
From: Jeffrey Beckman  Respond to of 95453
 
Looks as if the correction is fizzling out (g). EOM



To: Alias Shrugged who wrote (2784)11/7/1997 1:05:00 PM
From: Judy  Read Replies (2) | Respond to of 95453
 
Hi, Mike

While OJ was yelling and screaming about the oil drillers last week I was waiting for an intermediate top to form. Two days ago when he was pounding the table about the semi equipmakers I was anticipating a retrace down. Yikes! OJ a contrarian indicator?? The louder he is the more contrary?? Wonder if he'll see this post ...

For now strong rallies in this market should be shorted into for a trade. I posted views of the market on the Idea thread about 2 weeks and half the scenario has played out. Will do another post when time permits after reviewing the trading action for the week.

btw, how are you shorting stocks in IRA accounts?

As for what Patrick thinks of the market, he is decidely bearish. Why don't you introduce yourself and see what words you can pry from the auld guy?



To: Alias Shrugged who wrote (2784)11/7/1997 11:31:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 95453
 
Hi Mike.....

...Sorrie to jump in....was looking for a specific post by Judy and
was honored to find my name mentioned (good or bad) once or twice, so I did a search on meself.

Stopped with you....I did not want to go any further as it's likely someone called me some names I would not care to read.

Short term? As I told Judy, I rely on info that others provide...I am no smarter than nails.

How do I interpret the data I get? I interpret it the following way.

Either we get a slow declline, or most likely a sharp selloff....
perhaps a day with a thousand point decline accompanied by nearby days
with large declines.

But as I say, I rely on information from other people...I have no
expertise to pro-offer on my own at all.

Of course if we get war over the weekend, all bets are off.