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

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To: chuck weir who wrote (24457)6/20/1998 2:13:00 PM
From: Amelia Carhartt  Read Replies (1) of 95453
 
Well, just based on that short interest list it looks to me like a lot of folks think it's got downside potential. I can tell you I picked my GLM up in January and in comparison to most of the other OS companies I follow GLM and NBR have hardly moved at all in the rallies we have seen since January. It seems as though when the market gets in a tizzy over oil, it doesn't think GLM. I have been in and out of UTI and RDC a couple of times with very nice spreads. GLM on the other hand mostly just sits there. This tells me that for some reason GLM is not a market favorite. Of the service companies I hold GLM is the one I would most like to get rid of in a rally.
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