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

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To: Crimson Ghost who wrote (46492)6/16/1999 9:19:00 AM
From: DavidG  Read Replies (1) of 95453
 
George,

I sold out of all of my SLBHM calls yesterday...maybe a little early but with a nice profit. I have small amounts of SLB and CAM in my core holdings that will never get sold.

I believe SLB should be closer to 69-70 right now given the value of HAL and others right now, but given the selling off lately of SLB on rallies I am waiting again for 60-61. I still believe these merger rumours are hurting SLB from advancing further. Crude futures being up this morning totally confuses me and I don't see any rally lasting.

The nice thing about this sector right now is if you make a mistake and stay out it will come back to you to give you another chance.<G>.
Maybe by Friday or Monday I will get that chance to start buying back in.

DavidG
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