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To: RGinPG who wrote (10194)1/30/1998 11:55:00 AM
From: Bazmataz  Read Replies (1) | Respond to of 95453
 
I'm sorry but I couldn't disagree more. This is not consolidation. This is out and out selling. Psychology hasn't changed at all yet regarding these issues, and the selling will continue. These stocks are down 3-5% already today, and I expect it will continue. A sustainable rally has not been had yet, and I don't expect one. Yes, I own, but as you can tell from my previous posts, I am quite skeptical of these one-day surges. They just don't last with this sector. Trading these surges is okay, but I've been selling into them. FGII runs between 24 1/2 and 26-28 fairly regularly now. RDC between 24 1/2 and 27-28 the same story.

I may differ from others on this thread, but I tend to worry a lot too - particularly about these stocks. For me, one day does not a trend make.

BC