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: dfloydr who wrote (60367)	2/16/2000 8:34:00 AM
From: BigBull	Read Replies (1) of 95453

The relative strength bet paid off. While most E&P's sported attractive valuations, technically, they were in confirmed downtrends. That is the primary reason I went with land drillers, tubulars, and select services. Those stocks resisted the recent patch selloff best. Those stocks also performed best when the pressure came off. The relative strength notion also payed off in a few selected E&P's - OIL & PPP: finance.yahoo.com There are probably more, but I am not close enough to the sector to be thoroughly informed. IMO PPP is a buy right here, based purely on technicals. Don't own it though. When the preponderance of E&P's break their down trends I will take a closer look. Hey, this post is not meant to bash, "ankle bite", or demean anyone. "This time" my ideas made me some money. If they made anyone else money, so much the better. Hell, even "Blind Bulls" get lucky once in a while. <g> Bull

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