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 (8432)	1/16/1998 11:27:00 AM
From: bw	Read Replies (4) of 95453

A good day-trade could be BDI @ 12 1/2. It is the only driller down today, giving back its gains of the last 2 days. With the small float of 9.6 mil, momentum could be gained with not much volume. This 2 month old IPO ran up to 28 1/4...I feel a short squeeze could be initiated with a buying spurt today...Thoughts? I'm in for 2,500 shares today..and set a tight stop/sell Also, the spread is more favorable today to obtain quick profits..

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