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Gold/Mining/Energy : Oceaneering Intl (OII)
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To: Feraldo who wrote ()9/23/1999 2:15:00 AM
From: Mudlogger  Read Replies (1) of 14
 
Oversold stochastics, OPEC sticking to their quotas, and oil prices at year to date highs, but OII on a downtrend. I figure it'll get back into the 20's before another correction this fall. Oil service companies quite frankly had been priced ahead of their recovery, and a correction was due. The next good run will be after the first big snow storm hits the East Coast. I saw something curious just before the closing bell, 21000 shares at the ask of 18 3/8, with only 68000 shares sold for the day. It was quickly changed to 18 5/8 and 100 shares. Mistake? Or will their be a big block trade at the opening bell.
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