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: Broken_Clock who wrote (25619)	7/13/1998 8:56:00 PM
From: marc chatman	Read Replies (2) of 95453

SII: Oil field tools and fluids. Services oil and gas wells. Not one of the 3 or 4 largest, but in the next tier. I don't know how complementary they would be to one of the big boys -- may be too much redundancy. A doji candle for DO. Volume wasn't so hot. It typically needs confirmation to signal a reversal. That article is amazing -- what a bunch of clowns those analysts are. The market is concerned about RDC's earnings -- .50 against estimates of .54, and a decent spin by the CEO. Meanwhile, AMAT does .17 against estimates of something like .21, and the analysts say AMAT may not recover until middle of next year, or later. RDC down 7%; AMAT down 3% (and trading more than 10 pts higher). Amazing that the analysts always have an explanation to fit the situation.

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