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


To: Wallace Rivers who wrote (54470)11/11/1999 1:34:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
MDR; $16 9/16,$15 9/16, $14 9/16, $13 9/16; ea $ down - let her come on down...

My last order will sit at $12 1/2...

at about $15 3/8ths avg basis here - will double down at $12 1/2 if seen.

We are talking about a company with one of the best backlogs in the Oilpatch - well diversified and with substantial assets... the fundies will come as soon as she bottoms here; this is becoming oversold on strictly a break up valuation/NAV here !

...the shorts are having their way (again, as they should) - we've got imho $1.50+ of artificial short interest that will exit shortly... maybe not today, but upon any strong buying support reversal.

Just use wise money mgmt... Calls could get interesting ! Lets see where the May's end up...