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: The Perfect Hedge who wrote (7127)	1/8/1998 5:16:00 PM
From: Lucretius	Read Replies (2) of 95453

Glen, had that HAL report faxed to me to read it for myself. Earnings weren't lowered. The analyst just noted negative psychology while crude is sinking and said S-T doesn't look good, hence the removal from the recommended list. Give it a couple of months, they'll upgrade to recommended once the stock has confirmed that it is back in an uptrend, by then HAL will probably be in the 60's. By the way, support for the OSX was at 100 (according to the point & figure guy at Goldman) so technically, it had already been violated. Other than 99 being the latest s-t support line on the chart, I don't think today's breavh is that disasterous. At least that's what they're saying? -Lucretius

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