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 (430)	2/25/1997 3:25:00 PM
From: Michael July	of 1017

Gary, very sound advice. Agree with you 100%. Since I'm on my soapbox let me say it doesn't matter how great we think a particular stock is. The market has no idea what we think and could care less. Having said that the fundamentals of CWEI look good but technically it is looking sick. With it being a small cap and not as liquid, it will be more volatile. The entire oil sector has taken a significant hit the last couple of months. Any break through the 200 day MA which CWEI is currently near could bring on more selling. Will be watching CWEI closely to see if it will bounce off 12-12.5 area. Have watched several oil rig stocks already break through their 200 day MA in the last 2 days. Longer term (1-2 years), think oil will be headed higher.

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