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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Chas who wrote (20324)4/24/1998 7:33:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
Chas...I hear ya dude. Gunshy is the operative word. Mosy of the charts still look pretty good. Monday would be a good day to see some support come in. Hopefully we can get some good news nwxt week from BHI, CDG, TDW, RIG and some others. The majority of land rigs have yet to whistle, too. TDW is doing chartwise what CDG & SLB did a couple of weeks ago. Hope the turnaround is just as dramatic. Everyday I see call buyers and puts seller getting in deeper(deeper than me!). Saw a risk taker pick up 50 May 50s today for 1/4.

For the first time this year SLB has cleared the long term moving average on a weekly basis...check it out iqc.com
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