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Non-Tech : Invest / LTD
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To: Thean who wrote (6840)1/26/1999 9:30:00 PM
From: Peter V  Read Replies (1) of 14427
 
Thean, as usual, you are a wealth of information. I kicked myself the last time RIG went to 24 and I didn't go long. If I could distill your dissertation to two sentences, would it be something like:

"Support for RIG seems to be at 24-25, but watch out if it gets below that, especially if the next OPEC meeting does not go well. Otherwise RIG (and other select drillers) is a good trading stock if you accurately define the ranges and don't ignore the sentiment."

Or close to it?

Thinking of entering if it hits the 24s and we don't see further deterioration in oil prices, and actively trading the little bugger.
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