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: Douglas V. Fant who wrote (32377)	12/3/1998 7:47:00 AM
From: Joseph Beltran	Read Replies (1) of 95453

Douglas, My instincts are similar to yours....It's all I can do to keep my finger off the buy trigger in some of these oil service stocks..From a technical standpoint they are way, way, oversold and should bounce here any time now but my instincts tell me there will be continued downward bias until the end of the year due to tax loss sales...I've been very successful scalping points off of the big techs (DELL, INTC, AAPL)which are close to their 52 week highs and which are likely to get continued buying interest from institutions as they will want to own the "the nifty ones" to impress their clients at year end.... SLB close to 40. unbelievable regards

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