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: Harold S. who wrote (37864)	2/19/1999 8:18:00 PM
From: SargeK	Respond to of 95453

Harold, George just likes to spread glee (VBG) every time he posts. Really, he is a poster child for the mob of neighing nabobs who attempt to spread fear among the small investors. Seasoned investors (with an inclination to sell) would have already done so for tax reasons and be accumulating at these levels and applying the tax subsidy for additional shares. BOTTOM LINE: If there was to be a final climatic sell-off, it would have occurred prior to 12/31/98 unless crude prices crashed below Decembers' historic lows. This did not occur. Institutional holdings in issues like FGI is growing. Over 50% of this company is owned by insiders and an additional 37%+ by institutions. Neither group is prone to panic. Any significant price reductions below current support levels will be met by massive buying, sooner rather than later. K.