Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (13075)	2/27/1998 11:19:00 PM
From: pz	Read Replies (2) of 95453

A BEARISH Case for Early Next Week I added a chart of the OSX and a couple of comments on the OSX on this webpage. users.abilene.com Just looking over a few charts this evening and it seems that quite a few stocks gapped on Thursday. It is VERY common if not likely that stocks have a tendency to fill their gaps, or trade down to where they gapped up. Here are just a few I looked at. OSX- currently at 103.350 would have to trade down to 97.890 to close the gap. OII- currently at 16.56 would have to trade down to 15.75 to close the gap. TDW- currently at 44.50 would have to trade down to 42.44 to close the gap. GLM- currently at 23.31 would have to trade down to 22.38 to close the gap. GW- currently at 4.44 would have to trade down to 4.25 to close the gap. LSS- currently at 31.00 would have to trade down to 29.94 to close the gap. I only looked at a few of our sector and I'm sure there are a lot more. Food for thought anyway. Sure would be tempting to buy when they close their gaps...but certainly not before IMHO. Paul

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