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Gold/Mining/Energy : Anyone following UTI Energy Corp.?
UTI 22.65-3.5%Nov 21 9:30 AM EST

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To: Nazbuster who wrote (609)5/1/1998 11:00:00 AM
From: Harold S.  Read Replies (1) of 1305
 
Volume may be flat or up ever so slightly to the same time period the past few days. what strikes me is that we are not getting a big volume sell off NOR a big volume lift this morning. That tells me that the numbers were right in line with the institutional expectations...the same institutions that have been lifting this stock from the 12's. As we see the overall sector reversal continue into the summer I think we will see more accumulation in UTI as the price of oil and natural gas goes up. They both will rise this summer and the expectations for next winter <NOT being an el nino winter> will lift all of this sector big time going into the fall. The above statements are not meant to be hype...merely my opinion and conjecture!! Those who stick with UTI till fall will be very well rewarded. Those who bail because the grass is always greener on the other side will regret it.
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