Either way, I will eventually get another buy signal, and that's when I'll get back in.
Here's your sign. PEngr is back!
Subject: Drillers--Buy!!
Date: Wed, Apr 1, 1998 23:33 EST
From: P Engr
Message-id: <1998040204335301.XAA16236@ladder03.news.aol.com>
Since my "buys" (2/19/98 post), then "hold" (3/3/97 post),
I have "held" the drillers mentioned 2/19.
Today, I added to positions in ESV, DO and PTEN.
Also, today bought GLM.
I did not add to RIG or NE.
I think that DO is undervalued relative to RIG (47 vs. 54)
Likewise, ESV and GLM are cheap relative to NE.
PTEN is technically positioned to "spurt" from 12 area to
around 20----as it fills the gap.
The entire group looks Very positive to me from a TA
perspective. Fundamentally, Natural Gas is extremely
bullish---considering the warm winter (2nd warmest on record)--
This summer and next winter should be Very Exciting!!!!
Buy! Buy! Buy!!!
On another note, besides the drillers.
SEV-----be patient here, oil prices have taken their toll.
This is a short-term abberation----longer term, the world has
a serious problem on its hands-----A Shortage of Oil coupled
with a chronic shortage of drilling rigs!!! SEV's story will
unfold----and we should see a 3-6 bagger with this one.
Enjoy Leg Three of the Drillers Bull Run!!!!!
All IMHO!!
P Engr.
Barbara
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