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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (30657)	10/20/1999 9:07:00 AM
From: Fun-da-Mental#1	Respond to of 99985

Gottfried, about the drillers, normally I would agree with you, they do look like they've bottomed, and they are certainly a good value with oil and gas prices rising. However their recent drop has coincided with the general market decline, and if the market takes another leg down I'm afraid the drillers will follow. They are indeed an "abandoned baby", and I doubt anyone will want to pick them up when times are tough... just another mouth to feed... okay, I'm getting carried away with the metaphor <g>. Actually I am looking for a re-entry point, I'm just not sure this is it. Fun-da-Mental edit - WOW, now I read the news this morning, my post looks obsolete. Good luck to all who were long as of yesterday!