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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 (5933)	12/22/1997 10:33:00 PM
From: beio	Read Replies (1) \| Respond to of 95453

Pardon my intrusion, The following was requested to be posted by someone other than myself. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subj: I think i know why these stocks get trashed with good news By: whiteout Date: Dec 22 1997 7:27 P.M PST Reply To: Msg. 1 by YahooFinance It makes a little bit of sence why the oils get trashed with good news. (Althought it shouldnt) These stocks are in a downtrend still. So when the good news comes out people look at as a selling oportunity (sell into news) Good news doesnt come out all the time-- if its out today -- you probably wont see any for a while. And when the price doesnt move up on the good news (Because of that inital sell into news) it worries even more people leading to how FGII acted today. Bottom line is until funds start buying these stocks and turning the charts any news will cause selling. And no news will just keep the slow death in tact until, like i said, funds come back and help out. Go oils. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Jack ps this is not my post as I do not follow this stock but please feel free to post a response @ messages.yahoo.com