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: BigBull who wrote (44722)	5/14/1999 7:53:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Watch RIG on the open today..... Could be some institutions selling immediately off of the ''earnings erosion'' comments yesterday. I'd expect institutions to ''trim'' positions - could see a $1 3/4ish - $2+ blow off - if so; I'll start buying there and each $2 1/2 move on down.... If buyers step into RIG mid-day (which I expect) this will be a strong sign of continued buying support for the OSX in general. A ''daytrade'' exists for the nimble on this very probable reversal. How RIG reacts to bad news today; is a chance for us to take the ''temperature'' of the Street .... very important event to determine where we are here..... if RIG bucks this bad news - we are turning a corner... food for thought...

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