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: BigBull who wrote (53750)	10/29/1999 4:36:00 PM
From: Gary Burton	Read Replies (1) of 95453

fwiw--Slider will like this one--I finally started buying MDR this afternoon at 18.25, after sitting at 17.75 most of the day.This was the culmination of a 1-2month wait from when Slider first mentioned it here in the low 20's ---I may well be a bit early here (eps next week and I notice that MSDW cut SCSWF's rating to Neutral today), but my EW tealeaves say we should be close to the bottom.And I gotta love that cash!.... My count was saying one more 5 wave move down--well, we got that this afternoon when it again hit 18.06 this afternoon and I was hoping for a final followthrough into the mid-hi 17's but, son of a gun, it again refused to break that 18.06. So, I said what the hell, let's start building a partial position in here. End of October, get it off the books type of thing. We shall see....Ouch, that RRC hurts. Managed to get out of TMR at breakeven a little while ago, but too late on this one. ---wonder if 75.75 is going to get taken out Monday/Tues on the upside or if we will rollover and take out 70.98 instead. Next week is key.

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