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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (7578)1/11/1998 8:26:00 PM
From: Broken_Clock  Read Replies (3) of 95453
 
Mike,

re:
<Don't forget what is proving to be a reliable indicator. If the OSX and SLB are negative, don't go long the Drillers. If they are both positive, you can go long, but be ready to exit or use trailing stops. Ones that will rebound first and most quickly are FGII, EVI, CDG, MDCO and perhaps IO after being punished Friday.>

see my previous post re: SLB & OSX.What is Rightline saying about OSX/SLB being positive or negative? BTW, pretty heavy call buying in SLB for January. Somebody thinks rebound will occur pretty quick!
I went long CDG & FGII on Friday.

Dave
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