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 (80978)	12/7/2000 1:31:56 PM
From: jim_p	Read Replies (1) of 95453

Slider, There is no question that institutions are buying stocks like NE today, but other institutions are selling stocks like FLC/RIG today. As long as we have selective institutional selling, I don't want to own an entire portfolio of OS stocks. Until the selling stops and some of the uncertainty on recession and future oil prices clears up, I would rather trade the OS stocks instead of own them. I picked up some MDR and PGO near the low yesterday and sold them both today for a very nice profit. Jim

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