Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Think4Yourself who wrote (69455)	7/11/2000 4:35:51 PM
From: jim_p	Read Replies (2) of 95453

I have been on 35-65% margin since April of last year, but as of today my margin went from 65% to zero plus 10% cash. Anytime an OSX stock is up more that 10% in one day it has to be a time to sell. This was the largest one day rally I can remember in the OSX over the last year. I didn't like what I saw last week with CLB's expected second quarters profits projected to be up 50% from last year, but earnings were projected lower than the analyst expectations by $.04, and the stock dropped by 45% in one day. CLB came on top of BRR falling from 34 15/16 to 27 3/8 in minutes due to the announcement of poor hedges. I still feel that the recovery is in place for a long while, but hedges and delayed CAPEX in the second quarter have been well know by most investors in the patch for a long time. I'm glad I didn't own any CLB or BRR. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next