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: John Doyle who wrote (45148)	5/20/1999 4:39:00 PM
From: Jacob Snyder	Read Replies (1) of 95453

re: .who sold today? Not me. I only sell on euphoria. If I was going to do anything, I would have bought more RIG. But the market can't decide whether to reestablish support at 25 for RIG, or continue sinking. Yesterday's move is shaping up to be a classic example of capitulation: slow drift down on low volume, then a final downward spike on high volume, then up. Remind me, if I happen to have a few hundred thousand shares of something to sell, not to use DLJ. If they had dribbled the stock in over several days, 25 might have held, and the customer would have gotten a much better price.

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