Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (301)	1/17/1997 1:05:00 AM
From: Steve Wagner	of 1017

Just some info... CWEI was the #8 top performer on all the Nasdaq for '96 according to Barron's 1/6/97 issue. CWEI seems to be taking a pause in the $18-$19+ range here. I view this as very positive. It came up to this level on a few days of very high volumes. Now it's been taking a breather here on lower volumes without giving up much of its gain. Looks like it is building a base for another move. Also, I was thinking about that post that C. Williams bought another 200,000 shares...but the more significant part of that post was the 3600 shares that were bought as "gifts" for Christmas. He must truly believe his company (& stock price) will continue doing very well or he wouldn't have done this. (Who's going to give a gift to family if it isn't going to do well??? Especially when it is a direct reflection of the giver?) Steve

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