Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mc who wrote (22116)	5/15/1998 2:59:00 PM
From: Shelia Jones	Read Replies (2) of 95453

Gary, FWIW My take on MDCO: is that it got ahead of itself. First I thought it went up too much based on its clean balance sheet as a takeover candidate. Then maybe the momentum kept it going. I thought it was soon going to be costing more than some of what I took to be more valuable drillers - which I thought was odd - so I let it go. (I bought it at 18 1/2 and sold at 26 after moving my limit sells up more than once) Since they missed - the momentum has changed. Based on today's heavy volume somebody big is leaving. Most drillers are selling off today - they had been going up on Fridays recently in case of a weekend agreement to further cut oil output. Since oil is falling through the floor today that doesn't seem like a worry. I realize this is the strictly drilling thread, but is it necessary to talk about Clinton ? Please, I can not bear to read further about him. ;-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next