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: Thomas M. who wrote (27812)	8/15/1998 9:33:00 AM
From: dealmakr	Read Replies (2) \| Respond to of 95453

Tom, If you are watching the opening prices on a lot of these stocks, they have been gapping up over the last week. The up move is on small volume and when its over at 10:00 the funds and shorts are coming in to crush the stocks. Selling then takes them to new lows. Lower highs and lower lows still show me the selling isn't over. I would like to see these stocks gap down on the opening and then come back to at least unchanged for the day. That may give me a short term buy signal. Have been seeing this happen on ESV,FLC,FGII,GLM as I trade them. FLC also appears to me to be under heavy selling pressure possibly due to arbitrage with the merger with CDG. Sold my CDG @ 22 1/2 on Weds. when the fixed premium wasn't realized. or even close to the exchange value. IMHO theres some good money to be made when the bottom comes in, but when that happens is anyones guess. By the bearish stance from the street and the percentage drop over the last 4 months some sort of final capitulation should occur sometime soon IMHO. I guess how big we may bounce up will be in proportion to how far we fall first. Good Trading Dave