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Gold/Mining/Energy : Pride Petroleum Services (PDE)
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To: Bill Zeman who wrote (386)3/2/1999 9:58:00 AM
From: patim  Read Replies (2) of 454
 
Morning Bill,

I wrote as a courtesy as it was my opinion that prices are too low to sale.

You are right, the Saudi's are in serious trouble and are further afraid of loosing market share. But the more they keep pumping away, the more they hurt themselves. What would you rather do..sell 10 apples for a buck or 8 for a buck? If you slowed long enough you could probably get a buck and half for 5. Thus, slowing the pump helps them make more money not less. I for one wish I had available cash. I would buy more.
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