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: Shelia Jones who wrote (16756)	3/26/1998 8:51:00 PM
From: NucTrader	Read Replies (1) of 95453

Don't let them persuade you. Take profits off the table, sit back and wait for earnings. Because I read it doesn't make it so, but in Barron's or IBD this past week some guru was quoted as saying a lot of the drillers will in fact miss earnings in the upcoming quarter. I think it was Banard Baruch, who, when asked how he became wealthy in the stock market replied something to the effect: " I always sold out too soon......" All of this IMHO. I sold RIG @ 43 for a small profit and it's now 53. I'm not getting back into this sector right now as my gut tells me it's going to be sucker punched in the near future [my gut's been both right and wrong before].

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