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: bw who wrote (5591)	12/18/1997 12:06:00 PM
From: Lucretius	Read Replies (3) of 95453

I wouldn't be selling any of the oil service guys at this point, we're poising for a nice rally. We've rallied back from lows and have held onto gains for a couple of days (that's a first). The big-caps (HAL, SLB, BJS) are up on good volume. I'm looking for a 2 to 3 point jump in NE on Fri or Mon. Remember, how many are waiting until this sector finds a bottom to pile in. The OSX looks to be forming that bottom very nicely. The urge is strong to get out here and save yourself any more pain after riding this rollercoaster for months, but THAT is precisely why this is likely to be the turning point. The last remaining hands that aren't strong are capitulating. If you believe in the fundamentals, stick to your guns and you will be rewarded. (For that matter the technicals are starting to look promising.) Good Luck! -Lucretius

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