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


To: The Perfect Hedge who wrote (3065)11/18/1997 12:21:00 PM
From: SJS  Read Replies (1) | Respond to of 95453
 
No, probably not. But there is a whipping going on, indeed. No buyers to be found.

Looking at IT, there are bigger blocks trading today. With option expirations coming up, maybe they are shaking out weak hands. I do think that this kind of news travels fast. People get news from so many sources. Has CNBC said anything?

As well, other than Morgan Stanley last week touting the drillers, there's general quiet.

I've so some severly eroded postions (mostly still profitable), and it does get harder and harder to think long term. I don't know if other people are feeling this same way, but would assume so.