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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: iandiareii who wrote (19965)4/22/1998 11:30:00 AM
From: Broken_Clock  Read Replies (1) of 95453
 
Nice short #s. I must say that the risk/reward of shorting RIG seems foolish to me. I guess they are waiting for an "October Surprise" drop to cover. I sure don't see RIG or NE dropping back much.

Interesting that the short interest is declining on TDW...I suspect that the floor is pretty solid on TDW and the shorts, at least the smart ones, are covering at these prices.

Then again, on ESV today it looks like new shorts coming back in or just simply some profit taking.
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