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: Tulvio Durand who wrote (9556)	1/24/1998 2:24:00 PM
From: Teddy	Read Replies (1) of 95453

OT Tulvio: RE: "did you bail out of IOM before recent crash? Is the selloff overdone?" I've owned that since after the last crash: bought at about $8 3/8 (split adjusted). Sold a portion a while ago for $14 (split adjusted). i'm thinking of selling a little more on a bounce to $10, but will mostly hold the rest for several years. (i'm not too sure right now.) The sell off was most likely over done, it was their best quarter ever and they were only a penny short of expections. There is a lot of uncertenty about several things. It is a long story, i don't think anyone has it figured out yet: "When in doubt, sell!" seemed to be the cry of the day. The general thought seems to be that it will trade in the $8 - $11 for the next three months. So, as an investment there is no reason to rush out and buy the stock Monday. As a trade, it might be better to watch how it is trading for a few days first. Just my opinion, i'm pretty conservitive. Good luck.

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