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: Wallace Rivers who wrote (25920)	7/17/1998 10:38:00 AM
From: The Ox	Read Replies (2) of 95453

I have stated in the past that I believe there was/is no reason to buy the stocks in this sector while the trend was/is down. I will gladly miss the actual bottom and wait to start new positions after a true reversal is shown. I thought I was clear on this issue. The bottom may have arrived or it may not have. Those who bought on every dip while these stocks were tanking are plain foolish to me. I am content to watch the trend shift and will be looking to enter new positions soon. My cautionary statements over the last few weeks are now being "misrepresented" by Slider. I wish this board would change it's focus from tracking individuals calls back to the oil services companies. Let's stop living in the past and put our collective heads together and work on the future. The UTI chart looks very nice, it may be ready to move north. Again, I will wait for the confirmation of the reversal before I enter a new position. Good luck, Michael

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