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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Amelia Carhartt who wrote (24117)6/15/1998 12:30:00 PM
From: SliderOnTheBlack  Read Replies (2) of 95453
 
Comments on ''no market reaction'' to MIND's release ?

I bought an additional position friday after seeing there was not any increase in MIND's price going into the earnings release. I expected at least some speculative short term money.

They met estimates of .17 cents and showed substantial increases in revenues, Down 1/8 as I write this... irregardless of todays selloff; if they can not get any type of positive movement with meeting estimates and the positive growth in revenues - we have a problem. I am not sure how the market is factoring in the investor class action suits... maybe this is why no one is touching MIND.

I don't see anything other than crude prices moving it in the near future. Maybe we will see this unfortunate effect in all the oil sector stocks as Q2 earnings are released. We seem to be ''proxied'' to crude prices like it or not. Surprising to see International seismic giant PGO, who has much deepwater seismic work, getting sold off so dramatically. Seems to be no safe area.

EVI @ $36 & FGII @ $26 .... unbelieveable; to those who are in cash and just entering the oil sector, - Merry Christmas... to those on margin and having the 10- 20 30% losses doubled...I feel your pain.
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