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: RGinPG who wrote (21869)	5/12/1998 10:09:00 AM
From: Challo Jeregy	Respond to of 95453

rg. How would ( in a good market atmosphere) the PPI,CPI #'s affect this sector? I saw a chart yesterday where the PPi and oil price flowed basically on top of each other. Would PPI #'s, as expected, be good or bad (I repeat, in a good market atmosphere) for drillers?

To: RGinPG who wrote (21869)	5/12/1998 10:40:00 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

Is there a site with stochastic charts for ''any'' stock ? Enjoy your site; however is there a site that I can review stochastics on any stock? Concerning oil service stocks; your comments on the ''service'' sector are well taken, but I would like to see a stochastic chart on OMNI a small cap service stock up over 15% on strong volume the last 2 sessions in the face of a general downturn.

To: RGinPG who wrote (21869)	5/12/1998 11:15:00 AM
From: jbe	Read Replies (1) \| Respond to of 95453

RGinPG -- Please clear something up for me with regard to "overbought" signals. I'm not an adept at TA. But it's my impression -- correct me if I am wrong -- that "overbought" and "overvalued" are two very different things. Suppose you have, say, a really beaten-down company, with a super-low peg ratio. Suddenly, it's "rediscovered," and its price shoots up for several days running. Technically, that might bring it into "overbought" territory (might it not?), but it's still a long way from being "overvalued." So, what, actually, does "overbought" mean? Is it meant to reflect (possibly) a psychological reality: namely, that investors won't keep pouring money into the same stock for more than a certain period of time? That they'll "give it a rest," so to speak? If so, then why sell the stock, if it is still "undervalued" (i.e., still "underbought" in the literal sense of that word)? If investors have any sense (a questionable proposition), they'll return to it after giving it a breather. Yes or no? Thanks. jbe