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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (1051)	7/14/1998 4:11:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Doc, I did sell at a hefty loss which I don't wish to discuss any further. However, this is part of the game plan of discipline about cutting losses. Right now I'm focusing on the drillers as I think this group will have plenty of volatility but with high volume. Volatility with low volume is what kills! Today we have a decent showing for the drillers. In the scenario that we have a follow through tomorrow, a lot of shorts are going to be forced to cover. Know that, did that. And this technical bounce will temporarily turned into a buying spree. And then it will reverse once again. In the scenario that we don't have a follow through tomorrow on the drillers, the downside will be to give back what they gained today. Then on Thursday DO and EVI will provide further guidance. There is a good shot that one of the two co's will provide a more positive guidance about the second half. GLM said 2H is going to match 1H and that is enough to halt the slide, at least today. Oil price is helping too. Aug Oil did break $14.40 resistence on expectation of a good showing in the API number. I expect a gap up tomorrow for the drillers if the API number is decent and a sell may arrive right after that. Then it will depend on the market sentiment for the drillers. It's anyone's guess after that. Depending on whether my DO order got filled late in the day, I'll probably sell DO at the open and keep VRC a bit longer. INTC - is the number out yet? I hope it is bad.