SI
SI
discoversearch

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: The Perfect Hedge who wrote (10132)1/29/1998 4:31:00 PM
From: Rob Hinton  Read Replies (1) | Respond to of 95453
 
Was watching right at the close and buying blocks were bigger than
selling on DO (best I could tell). "May the trend be with you, young
Glen"



To: The Perfect Hedge who wrote (10132)1/29/1998 5:02:00 PM
From: A. Fineigler  Read Replies (1) | Respond to of 95453
 
Mutual funds tend to do a lot of buying in the last half hour. Perhaps the funds are starting to re-enter the sector.

AF



To: The Perfect Hedge who wrote (10132)1/29/1998 5:14:00 PM
From: waverider  Respond to of 95453
 
>It happened again today.buying into the close.that's weird.What the >hell's happening?GD

Pretty clear to me. We've got a lot of weak hands who want to get out at the slightest rally. This will happen everytime we approach resistance points. Then sharp folks like us pick up some more shares on the cheap.
The sell off in Cliff's happened on much lower volume than when folks were wanting to buy.

Remember, in the long run it is the company NOT daily stock price movements that will win the day.
Sound companies with growing EPS will automatically increase their share price.
We are seeing emotion and fear in these brief downticks, not rational investment.

Diamond H