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: SliderOnTheBlack who wrote (24220)	6/16/1998 12:12:00 PM
From: Grommit	Read Replies (1) \| Respond to of 95453

calling the bottom - my final opinion to you all. ... sounds like a logical level to call these ''at/or near the bottom" The top was functionally called by oil prices and the bottom will be called by oil prices. Watch oil prices and do not look for new lows, or at how much percentage wise we are off from the highs. The top was actually called by institutional selling which began prior to the drop in oil prices. They may also signal the bottom in stock prices but we will not know it until we see a couple/few weeks of continuous 1% - 2% up days. It is not required that they precede oil prices. They played it safe and sold early -- they will probably play it safe and buy late -- after oil production and prices become clearer. This is not the bottom, in my opinion, because there are more earnings revisions and warnings to come. If it is bottom, we will not know it for a month.