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: Big Dog who wrote (27275)	8/7/1998 10:02:00 AM
From: Bazmataz	Read Replies (1) \| Respond to of 95453

MDCO up over 10% (over $1 again) today... somethin's up.... Baz

To: Big Dog who wrote (27275)	8/7/1998 10:11:00 AM
From: SliderOnTheBlack	Respond to of 95453

BD- GLM I would hope that it was well known - but it was not addressed in analyst reports, only the traditional ''potential dayrate softness'' - doesn't look good for a management team - when they get exposed for a poor move... I think some ''skittish'' institutions will perhaps sell and individual investors will sell; as I'm reading this as a nervous market - few have accepted these levels as the bottom. In many cases, individually I think it is - but many stocks can go lower and we are seeing a head fake IMHo - I hope otherwise, because I am a buy & hold player; but I am trading actively with 40% of my funds now - making some speculative trades - not without risks; but only in stocks I don't mind owning long term if I get caught in a downdraft... Hopefully making some 10% hits on trades like BDI, DRQ and hopefully today OMNI. With 40% of my funds riding on these individual plays at times - my upside is that in 4-6 trades I will greatly recoup a substantial amount of cash from prior averaging down losses... I see this as a trading market - there is no reason what so ever for institutions to be making a switch here - to steady buying. Fundamentally they should be - but it would be a turn without reason...hence; I don't trust the updraft yet - and will trade individual stocks as long as this enviroment exists. Great opportunities are happening all most daily with 1 or 2 funds/institutions selling off small caps in particular - where 1 trader bailing out can dramatically over impact a stock to the downside DRQ, CDIS, BDI, OMNI are my examples here. As long as I see this activity - with 10% + easy pickings so far - I won't stop, nor will I start accross the board buying or unleash the ''margin monster''...yet ! - I now agree (temporarilly - mind you !) that it will take $15-$16 oil with an upside tick - to get this on a steady climb.