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: SliderOnTheBlack who wrote (49742)	8/23/1999 4:21:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Slider I don't disagree with your RRC call. The question is how low it will go and how long it'll take to bounce. I can't see it closing any lower than 4 1/2 in the present environment. The selloff seems to be partially technical in nature. It was hovering around 5 3/8 to 5 1/2 for some time. When it broke this support it went looking for new support. RRC is my largest position currently. I may sell some positions too to buy more. Time will tell.

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