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: SliderOnTheBlack who wrote (22701)	5/22/1998 12:20:00 PM
From: Czechsinthemail	Read Replies (2) of 95453

Slider, I doubt that waiting until the June meeting will work, because the money will be made or lost on the talk leading up to the meeting. With oil prices weak, I think there will be sufficient concern to move the talk to some statements hinting at further production cuts. I think we will bottom well before the June meeting, so I'm starting to resume selective buying. I picked up some MDCO today -- the bargain was more than I could resist. It tends to trade with higher volatility both to the upside and on the downside, so, while it may go down further, it should have an incredible run when we return to manic days. Baird

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