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: jim p. holcomb who wrote (1415)	9/12/1997 10:48:00 PM
From: Thean	of 95453

Jim, Lucretius, let's not start another paper war here. One negative aspect of having a public bulletin board style investment forum is people feelings are involved and at times creatively phrased words have a way to rouse those feelings. This thread has been exceptionally clean from those ego trippers and we can all be better served if we can practice more restraint when it comes to the need to defend our touchy feeling by raising our verbal creativity to the next level. I understand the frustration because at times I'm pulled into it as well. Back to the drillers. Today's action is just spectacular. I'm particularly impressed with CDG. Anyone following CDG should recall that not too many months ago when CDG was trading at $60 pre-split CDG had similar kind of run, eg. up +25-40% type in one single run. It was barely a week ago when CDG was aimlessly searching for a direction at around $49. People have definitely forgotten that CDG is in the "not-so-hot" shallow water area. As of today's close CDG actually gained more percentage-wise than DO in all its deepwater focus. So the real question is when will CDG take a breather for a short term pullback? Don't know except to say that the probability is extremely high that a short term pullback will occurs sometimes next week. Did anybody still remember CDG pull back from $79 to near $40 back in January-February of this year? This is almost a 50% correction while the real fundamentals remained unchanged! Today's action reminds me of those high flying days when people think momentum is the only aspect of stock game. Personally I have sold CDG into the strength and have a small position of CDG left. And they have been entered for stop loss as well. Life would be truly great if making money is so easy as we have seen lately. The one last driller that has not really sprung up and has lots of value is RDC at this point.

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