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Gold/Mining/Energy : Nabors Industries(NBR)
NBR 51.63-0.3%3:59 PM EST

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To: Jim Lou who wrote (70)4/6/1998 2:09:00 PM
From: Char  Read Replies (1) of 174
 
Jim

I had enough pain for awhile. I sold NBR at a small loss, UTI at a nice gain, and PTEN at a small gain. I am still holding positions in ESV and GLM but am slightly under water on both of them. I think for the next run I will concentrate on the deep water drillers. I am also still sitting on my GW position, also under water. With NBR I made the classic mistake of letting a nice gain turn into a loss. I should have set a stop loss at 25 1/2 where I planned to get out. I also sold my TCH this morning at 8 1/2. I think I'll be able to buy it back under 8 soon. I have a GTC in at 7 3/4 but don't know if it will get that low.

Dave
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