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: marc chatman who wrote (51511)	9/21/1999 9:11:00 AM
From: in_outdaily	Read Replies (1) of 95453

Marc; IMHO, I don't see anything but short-term weakness in the OSX chart. My lower trend line hasn't been violated yet (80). If OSX closes below 80, then I'd start to get concerned. MACD is trending down, but STO appears to be oversold. I expect some weakness early this am, but am hopeful that OSX will gain strength this PM what with API and OPEC news. I'm using this weakness as a buying opportunity to pickup a select basket of oil service stocks for short term trading purposes. Am buying RDC at 18 or less. (took an initial position yesterday) MDR trending up with positive money flow. (Already in) watching UTI and PTEN for entry points. BHI sure looks cheap... Holding TMR HLX CRK longterm. My 2cents Bill

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