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


To: SliderOnTheBlack who wrote (30345)10/5/1998 11:07:00 AM
From: Snowshoe  Read Replies (1) | Respond to of 95453
 
Here's what Cramer said today before the opening...

"I insured my Cisco with puts for fear of this happening, but it is still jarring because Cisco's business is still very strong. What this downgrade says is, we don't even care anymore about the guys with strong earnings. If the stock has profits, if it has not corrected, it will. For me, that means, again, look at the oil drillers. Nobody has a profit in them, they are cheap and the winter might be a bit colder than expected."

thestreet.com