Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: larry who wrote (3777)	11/25/1997 12:00:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

To hell with it for today. I'm going to go eat a pie.

To: larry who wrote (3777)	11/25/1997 12:31:00 PM
From: SJS	Read Replies (2) \| Respond to of 95453

Join the club about thinking it's oversold and keeps sliding... I got the MAVK recommendation in April at a Fidelity Conference from Bill Newman, the chief strategist at Phelps Dodge. I didn't pay much attention to it at the time, but it just took off. It was about 25 then (now it's about 54 not adjusting for the split, and was as high as over 100!!!) MAVK makes pipe and they probably are fine, but they moved up so quickly that I'd be unsure of buying them here until this fiasco gets over. It's even lower than your buy target range already!! BTW, it has already breached ang gone below all the important MA lines: 21, 50 and 200. It's hard to predict the 12 month range. It was at 50 or so. Did fundamentals push them there, or did momemtum? Can they get back there in 1 year? I think so, but if import restrictions on pipe are lifted, all bets are off.