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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (18514)4/8/1998 10:41:00 PM
From: RGinPG  Read Replies (2) of 95453
 
<TA> Stochastics / Bollinger Bands --> Bullish IMO
The only negative indicator I've seen is the bullishness on this thread, a sure formula for disaster. But I must add my 2 cents, I can't help it, the stochs and the BBands look bullish to me.

Many of the weaker performers are well into the oversold range now, some beginning to flatten out and look poised for a buy signal within the next 2 to 3 trading days I predict (unless they just fall straight down, but flat to slightly higher action is a much more likely scenario I think). rgdoczzz.home.texas.net

The stronger performers are sticking in the overbought range. Things are playing out predictably so far. When I get some buy signals on the weak performers, I imagine all the stocks in the sector will rise, (I think the stronger stocks will rise faster than the laggards, but this is a contentious issue. We shall see.)

I also see a lot of potential bouncing off the lower BBands rgdoczzz.home.texas.net

If I hadn't bought back in in a panic last week, I would be accumulating over the next 2 to 4 trading days to get back up to 125%. But I do have some buying power left. So the question is, what to buy. PKD looks very compelling at these levels

Thean: I have earnings growth numbers for all the stocks I follow at:
rgdoczzz.home.texas.net
ESV looks superior to the land drillers in this arena too. Of course, earnings growth is what fuels lower future P/E's . My concern is that there must be a reason (other than what we already know) why this stock is weak.
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