Mama Bear goes long! Message Board

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Non-Tech : Mama Bear goes long!

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To: Frederick Langford who wrote (6)	8/9/1998 7:35:00 AM
From: Mama Bear	Read Replies (2) of 131

Concwerning PEO: Oil services and drilling hit #197 of 197 in rankings in IBD late this week. JJ Cramer says that oils are not a good buy because they (as a group) have not 'fessed up to reality. Of course Cramer was pounding the table for the oils last year just before they went into freefall. I do see support on the chart near 33, it's interesting that PEO jumped 1 when it got to that level. It is still in a downtrend though, and until it levels out and shows some support, it could continue to go lower. A long position here is a bet that the oils are a "bargain". One thing that causes me to hesitate is that I know from my experiences as a short that stocks once in a downtrend can continue lower than you could possibly imagine. On a more general note, do you (or anyone) know a place on the web to get NAV's of closed funds, and perhaps average historical discount or premium? Also, I'd like to know how to figure out where to get a prospectus, so I can find out what the fund is holding. Barb

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