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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Bid daddy who wrote (50007)8/29/1999 12:32:00 AM
From: Richard D  Read Replies (1) | Respond to of 95453
 
U.S. Rig Count last week: LAND RIGS +25!, OFF SHORE -2

The pace of land rigs is accelerating weekly. PTEN is in a slight dip mode right now, with the OSX and oil pullback. Monday, who knows. There's a reason these land drilling stocks have a high relative performance, and it's becoming clear with these statistics.

Richard



To: Bid daddy who wrote (50007)8/29/1999 9:30:00 AM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Big Daddy,
The following posts would indicate a bit of hesitation to bother with a penny stock.
Anyway, it has a daily market dollar volume so low that many investors could practically manipulate the stock themselves.
The chart does not look that bad (I was surprised) in that the stock did not violate the support it formed with its large candlestick.
However, the fact that it does have so few dollars trading during the day means that it is so vulnerable to
manipulation that the technical picture cannot be trusted; its like only one well-heeled day trader could play with this stock. Of course this is my opinion only, and I don't play the pennies, been there done that.
This is enough DD for me:

techstocks.com

techstocks.com

Message 6359522

techstocks.com

If you like speculation, IMHO, why not try some of the NGas stocks mentioned here on SD thread?
The fundamentals are compelling, such as in the last posts referenced URL:

oklahoman.com

This is my opinion only and not investment advice.

Best of luck in whatever you decide,

Roebear