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: marc chatman who wrote (21687)	5/8/1998 8:35:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Interesting price action yesterday on FGII. According to the IQ intra-day chart, half the volume occurred in the few minutes that the stock hit its low of 39 3/16. I don't know if that was a block trade or numerous trades, or even whether it was the mm taking the stock down to trigger stop losses. But with something like 160,000 shares traded at that point, I'm inclined to think there is strong buying support there. Employment report pretty much on target with expectations. Lowest unemployment rate since 1970. Futures still way up, though, and oil still up. Is this the day we turn up, or do we continue to slide?