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: Big Dog who wrote (3478)	11/21/1997 12:19:00 PM
From: bw	Read Replies (1) of 95453

Mike..Did the old "switcheroo" this morning from GLM to DO. Enjoyed the comparison to RIG..and figured, why not buy the best of the deepwater drillers? Off it's 52 week high of 67 1/2 [my last trades of DO were in the 60s..and did very well]. So, does it make sense to you to pay a possibly slightly higher premium to own the leader? Feel fortunate in this market to escape my large position of GLM bought on "Merciless Monday" [with a small loss by averaging down]. Market timing...Who knows?

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