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Gold/Mining/Energy : Anyone following UTI Energy Corp.?
UTI 27.85-2.3%3:59 PM EST

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To: Doug Bean who wrote (881)7/7/1998 4:31:00 PM
From: Susan Saline  Read Replies (1) of 1305
 
we are at a double bottom, numerous oil stocks have not been holding their double bottoms.

I also am ready to take additional position, but not yet.

I think we will see UTI go below it's bottom, then wait for signs of buying, heavier volume, possibly on ut's at 12 (after it goes below 12) then watch the $OSX, if it is showing strength, which I would expect it will soon, then UTI becomes a buy.

Sue

Long UTI
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