SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: waverider who wrote (26843)8/1/1998 9:46:00 AM
From: Khalid R. Khan  Read Replies (4) of 95453
 
On July 17th DLJ called EVI the best value in oil services group and the stock opened at $36 1/4. Within days it lost ten points and it's now at $25 3/4 - some value.

Could it be that DLJ's call was self-serving?
The very day, July 17th I mean, EVI insider James Kiley was busy filing Form 144 to sell 100,000 shares.

As a EVI stockholder I am disillusioned and plan to sell all of my oil services holdings first thing Monday. This group may have sustained irreperable damage from the continued depression in crude oil price, which has carried on for four Qs in a row. The full impact of low crude price may become apparent in the next two quaters earnings reports. There is a strong chance that some will issue a warning of not being able to meet their earnings estimates.

When the stocks are down 50% or more, it's best to wait till you see signs of a revival before buying. Speculating a bottom at this point is not prudent.

Holding the oil services group (given the pathetic conditions) must be weighed against the opportunity cost of not owning MSFT DELL LU CSCO YHOO CA NOK.A WLA TRV etc.

Why not buy what the market favors today? Loss from EVI could easily be made up by buying YHOO or MSFT or LU.

P.S. First time posting so hold the fire.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News