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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (34076)11/21/1998 10:37:00 AM
From: Rambi  Read Replies (2) of 94695
 
I purchased GLM calls two days ago so was delighted to see Haim's buy signal! I've held this company for three years, though my current longterm holdings in it are now at a much higher average. Hopefully I can make shortterm profits on the side while I wait for it to come back. It's a good company and does both shallow and deep water drilling, though they have several inactive rigs right now which caused their profits to drop. I also own HAL calls. I believe the oils due for an up cycle and GLM should come back strong when the sector does.
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