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: Lucretius who wrote (14681)	3/12/1998 11:13:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

If you just look at relative strength, NE is the strongest being less off its high. In fact NE's chart looks stronger than any of the drillers in my opinion when looking at extent off its high and moving averages. The strongest charts will recover first and run best in my experience. The reason you get a strong chart is because of the strong fundimentals. (I am very biased) LT, if that's really the way you feel, maybe you should buy some RIG. At today's closing prices, RIG at 45 11/16 was 24.5% off its high (60 1/2). NE at 26 13/16 was 29.8% off its high (38 3/16). Baird

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