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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (22852)5/26/1998 8:16:00 PM
From: waverider  Read Replies (4) | Respond to of 95453
 
>>How can a company be sold down to a price level where it was trading at a year ago; having since dramatically grown, increasing revenues and earnings?<<

We were all saying that in January and March and...
Slider, just because a stock is low doesn't mean it can't go lower. In this environment, I'm convinced we'll see lower prices before this thing turns around.

-Oil glut
-Gasoline glut
-Asia

I'm looking for the following buy targets:
NE under $25
FGII under $29
MDCO under $15
DELL under $70 (for you techies)
VRC...don't know yet

GROWL!

<H>



To: SliderOnTheBlack who wrote (22852)5/26/1998 10:42:00 PM
From: upanddown  Read Replies (2) | Respond to of 95453
 
Geez, lot of gloom and doom here. The three leading bulls of a couple of months ago(Luc, Teddy and Diamond) are now the three resident (and non-resident) bears. These guys need to switch to decaf.

Not a word on the thread about the 50 cent move up in crude and a turnaround in the OSX after 1 PM today in the face of a general market collapse. Crude is sitting a dime from 15 bucks in the aftermarket which is 25% higher than the earlier lows. The gas storage figures from last week were actually down and bullish and with summer driving starting, may get better. There are already indications of a possible hot summer and crude prices should be buoyed by the upcoming OPEC meeting. Things dont look so bad to me. I think we are very close to a turn. It may have happened this afternoon but the bears will say,"nah, just a dead cat bounce".

John