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: HH who wrote (8010)	1/14/1998 11:44:00 AM
From: Bazmataz	Read Replies (1) of 95453

With RDCs confirmation of outstanding growth and potential 50% increases in 1998, why isn't the stock reacting better? With the complete battering these stocks have taken on worries, and this confirmation that there is little to worry about and more to celebrate, I would think the stock would move up a little better. Initially, it jolted up a bit, but now it seems to be retracting. This stock is almost 50% off its highs. Isn't this stock now trading at a 1998 PE of just above 10? (Just like most of these other stocks - GLM, NE...) Also, the volume is just disappointing - only 500,000 shares??? I'm almost thinking about calling in sick to watch Rowan on Squawk Box tomorrow... now I'm just pathetic.... Was there something in the report that is making investors cautious?

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