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: HH who wrote (7403)	1/9/1998 4:02:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Man Oil cannot hold - this morning hits 17.09 and now has slumped to 16.60 and is down close to 0.40 - Not goooood - people are continuing to short contracts - Wow there is a legit chance that it might break $16 IF SO Look out - What we need is Saudi to come out and make some kind of posture that they will cut reduction if necessary to maintain proper pricing - with so much short we would have a rally in oil prices - I would not have the courage to short some of the service companies at this point but others obviously are - Things could not look gloomier for our sector - Unbelievable I have to learn to leave my 20% stop loss orders in - pulled them all and now have alot of stocks down 40 - 50 %.

To: HH who wrote (7403)	1/10/1998 10:27:00 AM
From: JHR	Read Replies (3) \| Respond to of 95453

GLM FANS. In case you missed it check out Teddy's post7456. They talk about turnkey operators and how a number of players are getting out because its less profitable, and how GLM is largely a turnkey operator. Dont know if this is bearish on the stock or not. It would seem it would only hurt if they have their rates set too low. Mike Simmons had a good post describing the differences a while back. There doesn't seem to be any logic to the jammering this or any of these stocks have taken in the past few months, but this may be part of it in GLM's case.