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

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To: dfloydr who wrote (48127)7/17/1999 11:32:00 AM
From: Wowzer  Read Replies (1) of 95453
 
Floyd CAM

I trade CAM quite a bit for the exactly the same reasons you mention. CAM tends to fluctuate 1 to 2 points daily for no apparent reason. Buying CAM in the low 30's and selling in the high 30's has worked out very well. IF CAM does go against me I feel I own a quality company so I will hold and if it takes off I still own a core position for the ride.

Lately 37's seems to be the top with 35's being the bottom of its channel. And that is exactly how I have been trading it at least until earnings. It's funny how the OSX works, for awhile RIG was the dog of the OSX now it is the star. Now it seems CAM is the dog...our day will come....

Rory
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