Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (43164)	4/24/1999 12:43:00 PM
From: Ahmed Elneweihi	Read Replies (2) of 95453

Slider, I have some questions for you. What do you know about PGO fundamentals that make you so bullish on it? I bought it last week, when Garry brought it to my attention because of what I saw as a technical breakout of a bottom H&S formation, but would be nice to support that by some fundamentals. As for the osx index, is it a simple average of the price of its components or is it that some stocks such as BHI, SLB and HAL have more weight than others because of their higher capitalization. The reason behind my question is that I notice a big disparity between osx components. The heavy weight are above their Nov 98 high, some are close and some are no anywhere near the NOV high. If there is a correction as you anticipate, do you think (from fundamental point of view)those that advanced the most will carry the brunt of the correction, even though they are obviously the street's favourites, or is the laggard who may have been just tagging along on the way up who will correct more (I am talking percentage wise here)?

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