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: Crimson Ghost who wrote (27249)	8/6/1998 8:32:00 PM
From: Intel Trader	Read Replies (1) of 95453

Ok. You guys are setting yourselves up for a disappointment if you believe that we are on the up elevator because of today. Before I feel comfortable with an overnight hold to average up, I at least want to see some sort of capitulation, or failing capitulation, a retest of the recent lows. In my judgement, the retest is what we are set up for now. I think that today's action was a result of generally positive market conditions. Had things been as lousy as they were yesterday, we would not have seen our beloved (?) oil stocks move. In a few short words: Nothing has changed. humbly, it PS VLAD I like your excellent thought of finding the companies (small floats that tend to recover with a sector upturn) that are buy prospects. If you have a short list somewhere I'd like to see it. TIA

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