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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thomas J Pittman who wrote (27752)8/14/1998 2:04:00 PM
From: SJS  Read Replies (2) of 95453
 
I am trying to examine WHY a stock like EVI or RON would be selling for 70 (EVI) or 80 (RON) and is selling for sooo much less.

NO. Not the reason that dayrates are down, not the reason that demand is less. To me those reason mean a small to medium downward move.

With these so bloodied, there is HATE of the oil drilling sector. This is the equivalent of people jumping out of buildings. Sell at any price, regardless of the loss.

And it ain't done yet. They don't want verbal capitulation. They want broken bones, and near death experiences....
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