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: Lazlo Pierce who wrote (15063)	3/17/1998 5:17:00 PM
From: Bazmataz	Read Replies (3) of 95453

I've used Merrill as a contarian indicator before and won. They "pounded the table" on the drillers as they notched up 40-50% losses toward the end of last year and beginning of this year. Not more than 1 month ago they were still "pounding the table". Now that we're approaching distant lows, they decide to downgrade. Perhaps they've just recently finished unloading all their holdings. All the more reason to buy. Baz P.S. Also, so that you may all call me stupid, I actually bought NE yesterday at $26/sh. That's right. I'll admit it. Still holding, though. Unlike everyone else on this thread, I don't ALWAYS buy at the low and ALWAYS sell at the high. If what you all post is half true of what you're actually doing in real life, I commend you all. Peace, and keep on buying! Baz

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