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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Matthew Scott Davis who wrote (10423)2/3/1998 4:49:00 PM
From: William L. Oppenheim  Read Replies (1) of 95453
 
I'm glad to have some like minded company on his thread. I've made four purchases ove the past week of these companies (RDC and ESV, and am ahead nearly 8% in a week, so I don't understand what people are yelling about. Now is the time to buy, not sell. It seems that we are acting as value players. Next, the shorts will have to repurchase driving up the price, following by the momentum players. The stocks should then trend up based on valuations and perceived valuations over the next year or so. If the trend reverses and goes back down 8-10%, I'll still be buying based on my perception of the ongoing consolidation at this base.
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