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 (10180)	1/30/1998 10:39:00 AM
From: Ms. X	Read Replies (3) of 95453

Mornin' Glen, Me always sticking my nose in. On pullbacks. Pullbacks area good thing. They provide relief from a long run and they provide a buying opportunity. What is important is what kind of pulllback the stock gives. 1/2 a point isn't a pullback. EVI would have a nice pullback to 40. If it stayed there it would create a higher bottom which is a sign that demand is coming back in. In other words; last pullback the stock sold to 39, this time (hypothetically) it only sold to 40. Higher bottom, very nice. You may not get that pullback, the rally may continue but stocks don't go strait up without some respite. I just wanted to ease your mind when it comes to the stock price flux, kay? Jan

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