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: pz who wrote (15273)	3/18/1998 11:06:00 AM
From: Thean	Read Replies (3) of 95453

pz, so far crude oil cooperated and the CNBC's value show is bringing in some value investors. The first 1 1/2 hour of trading is up and we get what we hoped for - a bounce. From now on till close we will have to look for the GOM lease-sale results and crude. This is as good a place to place stops. If we have a follow through, the stops will not be triggered. If $13.75 is the resistence of NYNEX April crude, we are getting close, DANG! Heh, my quotes just showing heavy upside pressure. Great. All stops set. Teddy, what does your radio say about the lease-sale? You live in NO right? LT - light volume in OPMRF. The ultimate support is at $11. The earning will be out on 3/31, still about 2 weeks to go. The profit taking and base building is still in full swing.

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