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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
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To: RealMuLan who wrote (75)9/29/1997 6:05:00 PM
From: SJS   of 337
 
I took a much different approach. I didn't think that "going for the throat" on this one was warranted with the new-issue volatility, so I took metered buys and, averaged down to support the position. There's still digestion going on, so hang in there and don't sell just to get even. You can clearly make some money on it if you have just a little patience. The fundamentals are strong.

Regards
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