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: Gameboy who wrote (31200)	10/27/1998 8:55:00 PM
From: Jamey	Read Replies (1) of 95453

Gameboy, be cautious about MRL earning report and read all of it. I would recommend that you keep an eye on MRL tomorrow as this afternoon's action could be more than profit-taking. Taken from MRL earnings report: "Jan Rask, president and CEO of Marine said, "We are very pleased with our third quarter results given the weaker day rates and utilization in the shallow water Gulf of Mexico which will result in significantly lower earnings in the near term." In other words, don't be holding when 4th qtr earnings come out. I have decided that I am only playing this sector for short day trades because you never know what will happen when the market opens each day due to the volatility of the Oil Service sector. I took a small loss on them late today rather than take a chance on a bad opening. Regards, Santiago

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