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: Thean who wrote (4161)	12/2/1997 12:38:00 AM
From: james paterson	Read Replies (1) of 95453

Hi Thean, PDS held up remarkably well today. Although it did plunge to new lows early on, it finished down just 1.2%,the best performance in the sector. There was undoubtedly good institutional buying in both N.Y. & Toronto. Volume in N.Y. was around 40% higher than avg & the last trade was 14800. In Toronto volume was 381000 around 25% above avg & the institutions were definitely involved. There were 342 trades in Toronto, so the avg trade was over 1000. On days when there is low volume with no institutions, the trades avg only a few hundred. I almost bought some more when it bounced off the low for the 3rd time. Would have been a great day trade. I did'nt have the nerve though, because I'm too nervous about crude. I'll try to listen to the conference call. Hoping for blow out earnings on the 15th. James

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