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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Peter V who wrote (37258)2/11/1999 1:22:00 AM
From: articwarrior  Read Replies (2) of 95453
 
When a stock breaks out of it's bollinger band channel it usually acts like a rubber band and snaps back into the channel. This affords an opportunity to gain from the bounce so to speak.
Rig currently is out of favor with the big boys cause of some poor management choices... The management being duly chastised have taken steps to streamline the business. I look for a jump of 4 to 5 dollars within two weeks.
I am buying some calls in that direction at least.
Time will tell.
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