Anyone following UTI Energy Corp.? Message Board

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

UTI 22.65

-3.5%

Nov 21 9:30 AM EST

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To: Nazbuster who wrote (442)	4/7/1998 10:11:00 PM
From: Harold S.	Read Replies (1) of 1305

*OFF TOPIC* Daniel, My belief regarding the disk drive sector is that it has been trashed just about as much as it's going to be. If you look at Investors Business Daily's accumulation Distribution rank on WDC you will see that it has been slowly improving to where it is currently at a "B" ranking. The stock is under accumulation and has been for a few weeks now. In addition, although still low, the relative strength is also improving. In today's market I believe there is too many risks associated with a lot of sectors that have been flying high for a long time now. I also believe one should try to stick with leaders in an industry if at all possible. WDC is a leader suffering inventory problems and pricing pressures just like all DD stocks. WDc will fly high and fast when the first little hint of a turnaround in the sector is smelled by Wall Street. At that time it will be too late to get in in the teens for sure. Look at the speed this stock went from 17 1/2 last week to over 19 the same day on NO apparent news. The only reason it is back under 18 is the general market weakness. But it certainly is near its bottom and I will double my position under 16 3/4 if we should ever dip that low again. In addition, every time I listen to analysts on CNBC I am hearing WDC come up as a favorite of the analysts. these people are accumulating and it shows in the accumulation/distribution ranking improvement. The time to buy this stock is now. I have traded it many times in the last couple months and did so last week when it was 17 1/2. Unfortunately, I sold at 18 and missed the run to almost 20. I swore if the market corrected and I got the chance to buy this stock under 17 3/4 again that I would. I took a loss today on another stock and jumped in for 2,000 shares at 17 11/16 as I promised and I will double down under 16 3/4. I am not selling this stock this time on the 1/2 point gain. This stock is going much higher. Yes, it might take till mid summer for the sector to really start flying..but look at the chart!!! I think I can wait till next September for WDC at 35 or even higher. Take what I have siad for what it's worth..just my opinion!! I now own 3K UTI, 2K WDC, 3K IRF (another fantastic play at this price), and 2K HLX!!

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