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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: bw who wrote (16879)3/27/1998 1:54:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
That's my point bw. What are realistic price targets? If RIG was fairly valued at 64 then why the drop to 49? market perception and nothing else. Therefore, establihing a fair value price target would seem practical. Then, now that we know oil has bottomed, we can know when to buy on the dips as the stocks move towards the fair value targets. UTI for example, may never see 16 again. But if it does test 16, it's nice to know that it is supported at that price.

PK
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