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: SJS who wrote (16870)	3/27/1998 1:36:00 PM
From: Broken_Clock	Read Replies (2) of 95453

Can't tell the future(16 looks like pretty good support now)...However, my personal opinion is as follows... Those who espouse another Fall of '97 scenario ocurring here(straight on up) are going to be in for a rude awakening. Earnings will be missed by some and this sector is now ripe for further shorting. Some of these stocks have gained a lot of ground back towards the Nov. highs.(justifiably so) but we know that there are bears just waiting to smoke these puppies. One thing we can all agree on. This sector has volatility. The worst is no doubt over. Perhaps some discussion of price targets would be in order.

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