NATIONAL - OILWELL INC. (NOI) - undervalued/takeover ? Message Board

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Gold/Mining/Energy : NATIONAL - OILWELL INC. (NOI) - undervalued/takeover ?

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To: ED_L who wrote (12)	10/28/1998 1:18:00 AM
From: Richard B. Haenisch	Read Replies (1) of 44

Hello Ed, Bill and Moosie! Ed, I think that is a conservative as well as a smart idea averaging out 2 pts at a time. You can play it that way or you can play the inevitable rebound back into the mid-twenties, which is inevitable (within time). Bill, you are absolutely right, a little bit of profit taking after a 40% rise in three days is natural, but if you noticed we bounced off $15 quite nicely. So, hopefully, the ascend back into the twenties is only days away. Moosie, good to see you joining the fun on this thread. I don't know if you are in the market for an "oil play", but if you are, National Oil has got a lot of "upside" potential. -------------------------------------------------------------- BTW - I don't know how many of you have the time to watch CNBC, but it is on all day in my office and Bob Pasani is pushing the oil sector quit nicely - right now. On Thursday 10-29-98 oil is the "topic du jour" at the Sixth International Energy conference in Cape town, South Africa. Let's hope it is the beginning of a sustained oil-price rally. Good night everyone! Rico

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