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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (5302)8/8/1998 12:45:00 PM
From: JZGalt   of 18928
 
Tom,

The other trend that is likely to take place in the oil service industry is consolidation. Expect to see larger companies buying weaker companies in the near future in both the oils service area and the exploration and production area. We've seen a bit of this already with SLB taking out CAM and HAL buying BHI. Be very careful in buying individual stocks in this group. You might get caught with a takeunder if things get worse.

----
Dave

PS, I mentioned PMCS and LEVL on this thread a while back for possible AIM'ing. I bought a bit of PMCS this week when it collapsed to $31 (same day VLSI collapsed) and a bit of LEVL the week before. Not AIM'ed, just averaging up/down a bit when I spotted a bargain.

I'd like to mention one more if I could. GALTF would have been really tough to AIM since the IPO last fall, but every way I looked at the stock today screams that unless the fundamental picture has changed radically, this stock should be considered, but unless I start with a huge cash percentage, or a really really high Buy SAFE, I run out of cash way before now.

biz.yahoo.com
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