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: Amelia Carhartt who wrote (24453)	6/20/1998 4:20:00 PM
From: NucTrader	Read Replies (2) of 95453

>>it looks like EVI,CDG & UTI are the stronger bets<< Well I hope so since I'm long CDG. Presumably these are knowledgeable shorts who have covered as opposed to the other kind. But keep in mind it's a double edged sword. When a stock starts to fall, shorts begin to reach their profit goals and cover [yes, shorts can sell too soon too]. This acts as a brake on the fall in stock price [short covering]. Thus, stocks with large short interests sometimes weather disaster to their stock price better than stocks without a large short interest, at least in the near term. So........if a hurricane blows through the sector, the 3 stocks named above may decelerate in price more, rather than less rapidly.

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