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: waverider who wrote (22944)	5/28/1998 9:42:00 AM
From: RGinPG	Read Replies (2) of 95453

Yes, I think there is a very good reason for these stocks to take off, it is time. I got a few more scattered buy signals after yesterday's close: DO, NE, PDE, PKD, CXIPY, EVI, GMRK, GLBL, and SII. The rest of the drillers will have buy signals after today. And, I finally got a buy signal on the OSX. I believe the stochastics system is still valid, but as usual I jumped the gun and tried to get in before the big rally that usually occurs immediately after the end of the down cycles that occured in the past. I did the same thing back in March, but didn't pay as dearly for it back then. I think two factors prolonged and deepened the down cycle this time. #1) Oil fell 15% during the down cycle making it more severe. #2) A general market sell off occured at the end of the down cycle prolonging it a little longer than it otherwise would have gone. I'm very optimistic about today and next week. P.S. Some of my charts didn't update properly but I'm working on it. rgdoczzz.home.texas.net

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next