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: Gary K. Best who wrote (358)	2/5/1997 2:09:00 PM
From: Buzz Mills	of 1017

Gary, Yes, the technical picture did get pretty ugly, and you are absolutely right in saying you won't last long in this business if you don't pay attention to that. I hope this was just a very short term technical correction (glitche) and CWEI will regain a reasonable price. I think the thing that has kept me in CWEI is staying focused on the fundamentals; knowing that both the fourth quarter, and the first quarter numbers are going to be good, and seeing a long term potential in the stock. In the last hour there have been strong buys coming in (finally) and CWEI has now moved up to 16 1/2 X 17 from the 16 1/8 x 16 3/8 where it was earlier. Need to see more strength, or positive news, before we can call it a reversal. Hope you make it back in when the time comes--thanks for your input. Buzz

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