Posted by: escott on June 16, 19103 at 11:00:18 In Reply to: Re: my typos... posted by David F. on June 12, 19103 at 08:25:07

And so it goes.... appears shorts and players have had a party since last Thursday's repeat build in natural gas..... as in classic "shoulder season." Fahnestock though was especially cynical in their conduct.... On Wednesday, we had their resident "Egyptian" guru Fadel Gheit on CNBC etc. bowing down to and repeating Alan Greenspan's logic of the looming natural gas crisis.... By Friday, Fahnestock was apparently out shorting the hell out of natural gas and .osx stocks, with a report that began, "with all due respect to Alan Greenspan, current natural gas prices are not sustainable."

And then we have perennial .osx DOG RIG out warning and then the perma bears at RBC came out and downgraded the entire .osx lot.... (much like Lehman downgraded "all" of tech sector....) Curiously though, the .osx sell off continued while .soxx and tech have essentially ignored the Lehman call....

and so it goes.....

Want to see an ugly chart, see esv (ensco) below.... OIH not nearly as bad,... yet.

• esv chart

Read the Follow Ups:

Create a new Followup:

 Title: 
    Name: 
  E-Mail: 
     Verification text:
Type above verification text in lowercase: 

 Text of the Post:
 
     Hyperlink Title: 
       Hyperlink URL: 
 Hyperlink Image URL: 
 .GIF to be Uploaded: