Anyone following UTI Energy Corp.? Message Board

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Gold/Mining/Energy : Anyone following UTI Energy Corp.?

UTI 21.87

-3.4%

11:34 AM EST

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To: Lost1 who wrote (440)	4/7/1998 4:51:00 PM
From: Harold S.	Read Replies (1) of 1305

Lost1, the Captain is pre-occupied this evening but I can answer your question. What the Captain means is that he has just finished maxing out his position in UTI and is very heavy into the stock. A lot more so than a few days ago. He and I are both very BULLISH ON THE STOCK. Yes, there will be these downswings, but he and I (who are usually very short term traders) have decided that UTI is a buy and hold till at least 30. We believe that gas prices continue, and will continue, to sneak up a little every day and agree whole heartedly that UTI is 80% gas related drilling. Most people, come October, will look at 16 dollars per share on this stock and just shake their heads. Buy and hold is the best strategy with this baby. She will fly. I am sure the Captain will reaffirm my bullishness when he arrives back in town this evening. Hang in there on this one. P.S-Those of you without a position in WDC should think about taking the opportunity of this Nasdaq falter to load the boat anywhere under 17 3/4. Just my opinion of course.

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