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: RGinPG who wrote (30544)	10/9/1998 4:09:00 PM
From: articwarrior	Respond to of 95453

Be sure to scroll down thru the charts there is a message from the most excellent author saying he is having trouble with updating charts and will have them updated by 9 pm. Hope you did not trade based on that info today! osxstocks.com

To: RGinPG who wrote (30544)	10/9/1998 4:15:00 PM
From: VLAD	Read Replies (3) \| Respond to of 95453

RGinPG, Funny thing is that yesterday we dipped to prices last seen when oil was trading in the 11 dollar range. Yes oil was down to the 14 to 15 range now and it doesn't justify these stocks trading back down to sub 12 dollar oil levels. The big sell off IMO caused those who bought in at the end of August to quickly lock in profits and sell off their positions. We didn't have to wonder just how low the prices could go since we already knew from 6 weeks ago. Those who bought in 6 weeks ago and sold out over the past 2 weeks will indeed step in again to buy again at again very reasonable levels. Remember the way to make money is to buy low and then not be greedy and set your stops in once you have at least a one point profit. It works every time.

To: RGinPG who wrote (30544)	10/9/1998 4:43:00 PM
From: upanddown	Read Replies (3) \| Respond to of 95453

VTS is certainly a hard one to understand. Got crushed both today and yesterday while it was one of the sector's strongest a couple of weeks ago. Particularly odd that it did not participate in today's rally without any negative news. Value numbers are extremely compelling, PE around 4 with growth projected at 23%. I decided to go with near in-the-money calls at least 4 months out. Got some Feb 12.5's for less than 2 bucks today. Less risk, more upside, (I hope). Also got some calls for VRC, the Mar 7.5's for 1 3/8. I can't seem to resist the biggest losers among this collection of losers. Somebody stop me ! <ggg>. John

To: RGinPG who wrote (30544)	10/9/1998 5:04:00 PM
From: The Ox	Read Replies (3) \| Respond to of 95453

Ron, It's a very curious sector at the moment. Oil futures rallied after the early morning selloff. Yet SLB dropped almost 1 point at the end of the day!?! Very hard to judge the overall direction, even on a daily basis. I bought into UTI today in the low 6s. The price appears to be dirt cheap....but as we all know from following the declines in this sector, those could be famous last words. I think we are seeing every market being tinkered with at the HIGHEST level. The sharp drop in Dollar/Yen looks to be coordinated. The reversal on a dime in the gold market also looks extremely questionable. Now add this morning's bond market action which completely whipsawed the traders! We are seeing action like never before. I've never seen more people who don't have a clue as to what's going on. Even Greenspan has admitted to being clueless and unsure of what action to take. We are living in VERY dangerous times. Best of luck to all, Michael