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 (22951)	5/28/1998 10:53:00 AM
From: papi riqui	Read Replies (2) \| Respond to of 95453

>> Yes, I think there is a very good reason for these stocks to take off, it is time...... I'm very optimistic about today and next week.<< Ron, I appreciate the work you do and I think you are correct about a comeback for the OSX, but I don't think we're seeing it now. If you're looking for the low, I would be very careful about buying here as I think we have more to go...down. You may be interested in other technical viewpoints to supplement yours: Jan, on the P&F thread, for example, suggests caution, sees the oil services sector still in a down trend with more to go before reversing back up. I also note that many stocks are at or beyond the 50% retracement level of the up move they made off the low in Jan. (as is the OSX). It will be interesting to see if we get a resumption of the uptrend here (as is often the case in a correction reaching the 50% retracement level), or whether, as some think, a bigger correction is in the works. If you are betting on the move back up here, I would set fairly close stops in case you guess wrong. Be careful out there.