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Politics : Idea Of The Day
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To: Rare Bear who wrote (13518)11/4/1997 5:29:00 PM
From: Judy  Read Replies (1) of 50167
 
Doug, agree with your views on the oil drillers/services sector and am familiar with many of your personal picks. I also like NE.

Today the sector made new highs across the broad because Morgan Stanley raised estimates. MS seems to concur with your statement: "Also, we should see earnings continue through another quarter. But, an expected turn should occur after the first of the year. I will be glad to continue to monitor rig count."

Please do monitor and post the rig status. The market is forward looking and may anticipate the turn.
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