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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Kendell Phillips who wrote (38)11/19/1996 8:59:00 PM
From: Buzz Mills   of 1017
 
Kendell,

No options anytime soon--that is MHO.

Everything contributes to attention being drawn towards CWEI:
1) The New High
2) The High Volume
3) Updates in Annual, or Quarter, estimate.
4) Announcements of a positive nature; i.e., completion of the offering. Underwriters exercising their option for more shares.
5) Rising oil and gas prices.
6) Institutions already own a large amount of the stock--individual investors are gaining awareness.
7) Never underestimate word of mouth.

The above are the things that will drive the stock price up near term. The computer scans should pick up on the first three items. I don't think Barron's, or the Wall Street Journal, show a P/E based on the estimated earnings; they just show a dd for negative. The Investors Business Daily does show a P/E on the estimated earnings and may have an updated P/E in the morning; investors will catch that.

Companies, such as Ascend and Cisco, do not have a chance of doubling in the next three months (or less)--smart move.

Buzz
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