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 (5301)	12/16/1997 8:33:00 PM
From: Thean	Read Replies (1) of 95453

Below is a table showing the symbol, the lower BB today and the percentage gain/loss today. We have most drillers (except PDE, KEG, SDC, VRC) still stuck below the lower BB's, everyone is above their respective lower BB's. This is a good sign. However, if we close with another good gain tomorrow, then we are sure we are not going to ride the lower BB lower going forward. Camp A - those closed below the lower BB on 12/15. MDCO (19) +6.4 DO (43) +7.6 GLM (24) +10.0 RDC (30.5) + 6.6 NBR (32) + 6.4 PDE (23) + 0.3 PKD (11.75) + 5.4 EVI (41.5) + 7.9 ESV (32) + 5.3 KEG (20.5) + 1.9 SDC (37) + 0.0 VRC (20) - 0.6 Camp B - those closed at or near the lower BB 12/15. FLC (30) + 4.5 UTI (25) + 1.0 RIG (43.5) + 5.3 NE (28) + 4.0 CDG (49.5) + 3.7 RON (55.5) + 1.6 FGII (28.5) + 7.3 Camp C - those closed above the lower BB 12/15. PDS (22.5) + 0.3 BDI (16.25) - 0.8 GW (5.75) + 1.0 PTEN (33.5) + 2.7 MAVK (25.5) + 5.6 MIND (16.5) +18.0 Note: the land drillers (other than NBR and PKD) did not show strong recovery near the end. I don't expect them to underperform tomorrow but if they do, then we are seeing people buying for lesser risk versus bigger gain potential.

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