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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 40.78+0.7%3:59 PM EST

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To: W. Clinton Terry who wrote (14698)12/17/1997 12:56:00 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Hi Clinton, drillers. Oh yes, by no means am I suggesting that only GLM is worth looking at. Some of the other deep water drillers could even be better. I just like the low price on GLM and the idea of this new deep water rig coming on. BTW, about this retracing and then going down again, sounds ok to me, I was only thinking about trading it. GLM is not doing too much today but some of the others are. If you had a chance to listen to the commentaries this morning, the drillers are in again. The thought is that they are oversold considering that the fundamentals have not changed. Now, where did I hear that before? If I am not mistaken I have talked about this for several days now. gg. In any event, GLM is over 26 again, so I am not buying at this point. Could be a mistake, but my portfolio needs to do better to chase a stock. Only bottom fishing for a trade is on my mind at this time. Things are too screwy out there. I guess you have heard about all those untimely departures of traders from brokerage houses? I think Wallstreet needs to do some more cleaning up.

Sonny
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