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: mph who wrote (9840)	1/27/1998 11:42:00 AM
From: Bazmataz	Read Replies (3) \| Respond to of 95453

Also, has anyone noticed that it seems like a base is forming here? Many of these stocks, while down, are falling maybe 1-2%/day and then gaining it back. Many of these stocks are in a narrow range right now. Even with these "bad" things such as downgrades and worries of future oil drops, not much movement. Granted, you could argue that there are many pluses, such as very recent uptick in oil prices and recent fair to good earnings as well as decent forecasts by CEOs. However, the longer this base takes to form, the better in my mind. This base may help break the downtrend line. GLM is close to breaking the downtrend line, as are some others. In my mind, yeah I'm bummed the stocks aren't rushing back up to where they were. But at this point, I'm glad not to see them tank 5-10%/day. Anyone else have comments about this? BC