Key Energy, Pool Energy Message Board

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Technology Stocks : Key Energy, Pool Energy

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To: WOLF EMERTUS BLITZOID who wrote (17)	8/13/1997 11:22:00 PM
From: Rick Slemmer	of 36

Wolf: I can't speak for Flan, but I can tell you I sold out of KEG last week at 24 and change. There was a lot of coverage on the stock, and that always makes me edgy, as in: "Who's promoting this thing so they can dump it at a higher price?" I didn't know Cabot was on the KEG bandwagon, but that gives me another retroactive reason to unload it. I've noticed that Cabot's recommendations tend to be excellent shorting opportunities a week or so after they start promoting it. Short-term technically, I would have sold KEG at any rate this week. Most of the indicators are a lot weaker than in June when I bought the stock at 15.5; it's time to move on. MACD has a sell in effect (issued yesterday), and accumulation is approaching null. They may need some time to assimilate their recent acquisitions and cut the redundancy; I wouldn't expect a blowout quarter this time, but if oils remain strong through the fall, KEG should be a winner. Bottom line: if you're a trader, there are better stocks to play. If you're an investor, KEG should reward your patience. Good luck; in case you didn't know, KEG becomes optionable after this week. RS

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