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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Cragganmore who wrote (28544)8/28/1998 3:08:00 PM
From: Starlight  Read Replies (1) | Respond to of 95453
 
I've been thinking about why this sector keeps getting hit so hard, and aside from the OBVIOUS reasons (price of oil, etc.), I'm wondering if the fact that many fund managers, etc., are on vacation this month might have something to do with it. Instead of making any BUY decisions while they're away, they're just calling in SELLS to try to preserve capital. It will be interesting to see what happens after Labor Day. People will be returning from vacation and there will be a lot of "committee meetings". Perhaps then we'll see some move into the OS stocks as a value play.

(I'm just trying to be optimistic -- otherwise, it looks like we're going to have to move over the the Stocks: Five Dollars and Under board.)<g>

Betty



To: Cragganmore who wrote (28544)8/28/1998 4:40:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
FGII upgraded from ''accumulate to buy'' - should read to ''sell the farm'' !

...we need a new catagory to upgrade some of these stocks to. Buy, Strong Buy, Top Pick, Recommended List just don't seem adequate for FGII at these levels ...<VBG>

how about:

1. sell everything else & just buy all the damn FGII you can...
2. Max the margin & buy all the FGII you can...
3. Home Equity line time & buy all the FGII you can...
4. Cash advance time & buy all the FGII you can...
5. Get a Part time job as a greeter at Wal Mart & buy all the FGII you can...
6. Sell the car - buy a bike (hug a tree) & buy all the FGII you can...
7. Have the kids, the wife get part time jobs & buy all the FGII you can...
8.. Consider using an O.J. mask & hitting the 7-11 & buying all the FGII you can...

yes; A.G. Edwards really went out on a limb imho.

PS - we had better be seeing FGII's Holloway buying a Million$ or so...