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: XOsDaWAY2GO who wrote (31088)	10/24/1998 12:23:00 PM
From: diana g	Read Replies (1) of 95453

Re: VRC up strongly Friday Hi Barbara, I was watching and can tell you that a lot of the buying was in big chunks at the 'ask' price. When the price surged to 10 1/2 about 1:30PM, it looked like the buyer(s) backed off and let the price settle to ~9 3/4, then came back and bought more into the close. Someone wanted a lot of VRC (Still wants more?--I guess we'll see.) Why? My thoughts and guesses --- VRC has been disproportionately depressed relative to the sector, is still a few dollars below it's mid-September high, and could be seen as the most compelling value in the sector (IMHO). Someone trading on early knowledge of some event of a positive nature? George Soros read Big Dog's post? -----In any event, it was nicely done. Buying with market weak and sector weak; Stepping back from the surge to shake-out the mo-mo day traders and such. I'm pleased to have such smart co-owners of VRC.<G> regards, diana VRC 5-minute chart: 207.95.154.130

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