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: SliderOnTheBlack who wrote (55078)	11/19/1999 4:27:00 PM
From: Gary Burton	Read Replies (2) of 95453

Slider--I too have been watching OEI closely the last 2 days. My EW count is positive and I suspect this is a wave 2 pullback in a new uptrend. But, i decided to hold off buying this pm although I was very close to doing so at 8.50. If it dips below 8.38 on Monday, that will count 5 subwaves down from the recent 9.50, which suggests that after a small rally, it will then go a bit below 8.38 soon after--but if it instead rallies on Monday and goes past 9.19 on Mon/Wed then it is away to the races. my 2c ----btw--why did chairman exercise an option? (unless the option was about to expire or that he was intending to exercise and immediately resell in open mkt)? also who was the single seller who dumped 3mm at 9 on a downtick a couple of days ago? Presumably he is highly knowledgeable given the size. I gather he was looking for a run up from the 7.93 low to unload it.

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