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 (482)	3/12/1997 12:21:00 AM
From: Buzz Mills	of 1017

Gary, I looked in Stocksmart and there were 3 large blocks traded today (Tuesday). This is the third time CWEI has been down in the 12 range recently --and collectively, during those three times, it has traded a substantial number of shares in the 12-13 range. The 13 range is the Secondary offering range also. One would think that eventually it will have turned over enough shares that everybody who wanted out would be out--obviously we haven't hit that point yet. I can understand your feelings on an individual broker pushing a stock--have seen the same things many times--usually encouraging me to buy after a stock has already topped (due to the brokerage push) and is getting ready for a pullback. I noticed that quite a few of the oil high flyers pulled back today--hoping still that we can hold this level until the earnings are released--then I am hoping the stock will begin a climb (although I now think it will be a slow climb) out of the pit it is in. Buzz

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