Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bazmataz who wrote (20854)	4/30/1998 9:45:00 AM
From: waverider	Read Replies (1) of 95453

>>The fact that everyone on this thread is pumping us up when last week we were all worried symbolizes a change in psychology.<< Dude, not EVERYONE. Some of us were preaching buy. In fact I did buy more NE, ESV and started a position in UTI. I agree that folks get happy when their stocks rise and bummed when they drop...and yes last week many were urging caution at the EXACT time they should have been scooping up shares...especially the short term traders/timers. But the technicals at this point are looking very good. There is reason to be happy...this week AND last. >>IF everyone IS buying at these levels, then why weren't you all buying 20 or 30 or even 100 percent ago? If everyone's buying FGII now at 40-41ish, why wasn't everyone buying when it hit 25 or 26 just a month ago?<< Not these levels, at this moment, but very soon. Breakouts are about to appear in many of our stocks (RIG, VRC, DO, UTI, and SCSWF, NE, CDG). Go with the trend. This time it is your friend. <H>

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