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: Tom DuBois who wrote (10670)	2/5/1998 11:03:00 AM
From: Thean	Read Replies (3) \| Respond to of 95453

Tom, FGII is the leader of the current mo-money pack. With strong cheerleading from the management and the Big Dog, it may ride the upper BB up till about $38-$39. However, there is no guarantee it can make it in this move without some correction. Since it is the mo-money that pushes it up, you know what can happen in reverse. In addition, it also violated the intraday upper BB badly today. There will be people taking profit. At 34 currently, I think the chance is better that it will close below or at 34 today rather than 35 or 36. The near term trend remains intact until the whole sector sells again. As far as today's action goes, we have hit the plateau. We have also seen this in many instances in the days past. The key is what happens in the last hour of trading. Don't expect terribly amount of excitement between now and then unless there are other factors like crude and overall market doing something weird.