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: Paul Angell who wrote (27384)	8/8/1998 8:09:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 95453

funny you should say "You are right about drillers not going anywhere until the oil price goes back." May I escort you to the list of drillers and oil service stocks I track (which is by no means complete). techstocks.com Take a look at those percentage gains. Those are considerable percentages, considering the overwhelming downward pressure that has relentlessly pushed these stocks steadily lower. I personally believe that the bottom has been seen already, coinciding with and hastened by the general market correction which culminated last week. Judging by the stock price action, it looks like a whole lot of folks are doing broad-based bottom fishing for some darn-tootin' good values. RDC already back up to my buy price (bought a week ago Thursday, seven trading days ago). DK

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