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: John Peterson who wrote (5594)	12/18/1997 12:06:00 PM
From: Thean	Read Replies (2) of 95453

Those who have a loss, think about year end tax loss selling and use the cash to buy another driller in the same sector. For example, sell PTEN for NBR, UTI, GW, BDI or PKD (all land drillers). Also, GLM for ESV, CDG, NE, FLC. MAVK for EVI. And MIND for ??? By doing this you may save some tax money. REMEMBER, you need to use the cash to buy another company if you want to participate. IF you sell out now and sit on cash, you are taking a big risk for not able to participate if things go sky high again. I think it is time to pull out the one year chart for any of the offshore drillers (except land drillers because they started late) and start imagine the possibility for the next year ahead.

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