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: Bolder who wrote (26195)	7/22/1998 11:30:00 AM
From: tdl4138	Read Replies (1) \| Respond to of 95453

Bolder, I disagree. Volume is a great indicator...but there are too many issues in the sector. Some are considered damaged goods. I would look for select issues to start trading stronger and the sentiment to slowly spread to other issues. If I knew which companies would move first, I wouldn't be sitting here typing this...<g> Excessive volume to me would be a danger sign. I would rather see support start to enter the sector slowly and build a foundation. Any strong moves up, I think would be met with profit taking just as fast. If the sector starts to solidify then your fund managers will start to nibble. I sincerely doubt they will just start buying with considerable volume until the trend is quite obvious. The worst problem facing the whole energy sector is the perception...That needs to be overcome first...no matter what. The internet stocks move because the "perception" is they're going higher...When the same thing happens here...you'll know it...