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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (51578)9/5/1998 12:07:00 AM
From: j g cordes  Respond to of 58727
 
Today Energy, Metals, Air Freight and Railroads did well... odd mixture but makes sense in a protective environment. I'm looking for the oils and oil service to back off their initial surge if we get a general rally in techs and retail next week... this will make a nice W or double bottom from which winter worries will help the group rally further.

I was looking at the listing of top stories in the world.. it went something like:

Nuclear plutonium agreements in Russia
Yeltsin and Duma fight for control of collapsing country
Two stage military rocket overshoots Japan from North Korea
Japanese Banks face 600 Billion in potential losses
Pakiston and India square off on border after A bomb testing
The US stock market's 1 week losses mount
Irish bombings and reconciliation for peace
Clinton says "I'm sorry.."

Disproportionate and odd.



To: ViperChick Secret Agent 006.9 who wrote (51578)9/5/1998 1:15:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 58727
 
yes I would say energy stocks were up today..check out my list of drillers and assorted OS stocks:

techstocks.com

check out those percentage gains, for one day. and many of those gains are on the back of strong one-day gains yesterday.

somebody is getting boatloads of oil stock for a song and a dance. As that infamous textbook example from busin 101 class said "These prices are so low it's insaaaane!" ("Crazy Eddie" whose TV and Stereo stores went bankrupt after it was found out that the books were cooked.)