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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Broken_Clock who wrote (20023)4/22/1998 5:20:00 PM
From: marc chatman  Read Replies (1) of 95453
 
I don't have a problem with today's action (although I would have liked to see the stocks I want to buy go down as much as the ones I already own).

I agree with LT's take on the NE report. And I don't think the dayrate comments triggered the sell-off. As LT said, it's old news. Also, service and equipment companies sold off along with the drillers, for the most part. The OSX hit resistance. Slum-Burger hit resistance. Some traders cashed in their chips. As long as we don't start making lower lows, I'm ok with the action.

Now let's see some buying opportunities for Big Dog's dream team.

Steve, UFAB may have to pull up the sector by itself. Maybe it's time for me to sell a few shares.
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