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Gold/Mining/Energy : Anyone following UTI Energy Corp.?
UTI 22.89+5.2%3:59 PM EST

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To: Dennis J Ford who wrote (458)4/8/1998 5:30:00 PM
From: Harold S.  Read Replies (2) of 1305
 
Dennis,
I am holding a large position in UTI and believe that longer term this is a home run. However, it is very difficult to tell, at this point, how long "long term" is. With this sector being down as hard and long as it has been it may be 2 days, 2 months, or even 6 months before this sector really reverses and UTI flies to its old levels of 48 dollars per share. One thing is for sure though...I am not going to try to time this thing as UTI is a lot closer to 12 now than it is 48!!! You may be totally correct that the reversal hasn't come or confirmed yet, but it is my hope we are on our way up going into summer and next fall season. Please let us all know when your indicators indicate that the reversal has happened and is real. It is good to have this much discussion on this thread for a change.
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