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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Czechsinthemail who wrote (13320)3/2/1998 6:29:00 PM
From: Broken_Clock  Read Replies (2) of 95453
 
baird,
good call on relocating to RIG. It has the strongest chart in the sector along with EVI. Something must be up with CDG and the Venezuela thing cause it has just bombed during this last weeks rally. All the majors are now at or near trendline or lateral resistance. The next couple of days will be(once again) interesting. I expect that if oil stays fairly flat to up then we'll have a better chance. Any adverse news would undoubtedly bring us back down. I personally had great timing last week on the reversal...just picked the wrong stock!>g<it's only money.BTW, it was a toss-up for me between CDG & RIG. I went with CDG on the earnings but Kofi killed CDGs momentum.It will have a lot of ground to make up when it gets off the starting line. If we reverse back down then CDG might still be sitting there when the rest get back.
PK
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