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: marc chatman who wrote (27010)	8/4/1998 3:28:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

BDI - capitulation @ 1 million shares now @ sub $4 ! - time to be nibbling. a 50% drop in 5 days ! Remember $6 on margin is a 100% gain - tempting for a big, big play - damn good dead cat bounce play if nothing else... BDI's market cap is now petty cash to some larger drillers ! Per Big Dogs newsletter stocks like RDC and now BDI (imho) have reached levels that they are asset plays... to each their own - BDI has closed 86% of the gap to ''Zero'' on its way from $28 to $4. Where does it become a value play if not here ? - we are seeing institutions bailing - could the overall market see an ''Black Wednesday'' tomorrow ?

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