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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bazmataz who wrote (18340)4/7/1998 1:03:00 PM
From: Broken_Clock  Read Replies (2) of 95453
 
Baz...NE, RIG & DO stayed up the longest & Strongest(well, maybe not DO entirely, but it has been making higher lows and higher highs) so they are participating in this downdraft a bit. ESV & DO really corrected more than most so i expect the buyers looking for bargains will focus there first. The street is probably hearing that ESV will be getting new contracts on thoserigs(that is good news) so that is also being factored in. DO is looking pretty good at these levels. I'd like to see it slide a bit towardss 40 but I don't think it's gonna make there this time.

Funny thing about FGII...the bid/ask is way wide on the spread. Also, the Apr 35 calls are bid .50 and ask .44(?). Been that way for a while. Is there a rational explanation?
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