Varco (VRC) Message Board

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Gold/Mining/Energy : Varco (VRC)

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To: K Rahim who wrote (16)	7/25/1998 9:11:00 PM
From: Monty Lenard	Read Replies (2) of 63

Hi K.R. Look at the 6/24/97 area of time and 1/12/98. That is what held VRC Friday. If it CLOSES below this I am OUT! The candle Friday was not as pretty as I normally like to see so I don't know but my feeling is that you are right about a short term bounce. Sure hope so. As far as it getting to 20, my sentiment is this. If it goes above $19 interday and cannot close above $19 (if we get a bounce) it will not go to $20 before another retracement to this $15 - $16 area. FWIW Monty

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