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: JZGalt who wrote (12259)	2/20/1998 12:48:00 PM
From: bobster	Read Replies (1) of 95453

thanks, glad you liked it. I'm sure that you are right in your analysis as to why the estimates are what they are. Folks like you are the smart money people who can see through problems and buy stocks at the bottom. I'm not as good as that. I like to wait till I see the direction of revisions turning. I actually put more weight on the direction of up/down revisions than on the estimate itself. Not that this is all I look at, but it's important. I'm convinced that most of time when an analyst revises an estimate, up or down, it is usually not enough. I'm also convinced that this is a big component of what drives stock prices. bobster P.S. Where is your post on OBV and Money Flow. Must have missed it.

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