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: Roebear who wrote (85816)	1/31/2001 8:27:07 PM
From: The Ox	Read Replies (2) of 95453

Hi Roebear. I looked over your TESOF charts. I would say that the stock is in the make or break stage and it hasn't confirmed which way it's going to end up. My initial reaction is that the stock will be headed higher in the short term and will either form a double top or breakout. If you wish to be conservative, you might consider taking some $ off the table if it fails to reach a new 52 week high during this leg up. The weekly chart tells the story. I think you can line up the support trend line. You might consider using a break below this line as in indicator of weakness ( the lows from dec99, apr00, dec00). The latest rebound from Dec00 should give you encouragement to hang onto your long position for now, especially if the fundies are saying hang on!! mh

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