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: Big Dog who wrote (85395)	1/26/2001 9:30:21 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Evidently Lehman is seeing more early spring acceleration than others... Hope they are right; we need Q1 to upside surprise & strongly so in the OSX stocks. Still "feels" like trading range rollover here - I'm stopping out on any weakness & selling any strength.... ie: just anticipating the absence of rotation buyers vs. sellers. Won't sell PKD, PDE, or PGO laggards; but will add on further weakness - keeping my CAM & some offshore driller calls; but flipping the bouncers here... I think I get to buy them all back at OSX 115ish, or lower again prior to March and by then we'll have a feel for what Lehmans is anticipating. There are some "compelling" laggards; but in general - OSX at 125 is NOT fundamentally cheap here given the overhang of the "R" word ....I'm poised to stop out on any rollover here and am selling this am & will dump all but the major laggards into any further strength - but, I don't think we'll see it - I see OSX 115-117 in days...

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