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: Gary Burton who wrote (45102)	5/20/1999 12:03:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

Technically speaking things could get ugly for the drillers if we go much lower... quote.yahoo.com SLB, HAL, and CAM are all testing their 50 dma's at these levels. RIG's breakdown was mostly technical imho. It's possible for these sector leaders to go a little lower without retesting their 200 dmas, but not much. This is either a great time to buy or a great time to sell (SLB, HAL, CAM). Since RIG has already broken down it appears to be the safest play short term if you want to play the drillers. I'm not making any predictions at this point...sticking with Gas E&P's.

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