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


To: BigBull who wrote (54932)11/18/1999 4:09:00 AM
From: Mudlogger  Read Replies (1) | Respond to of 95453
 
OII sold on good news, high open.

The price had been lagging the uptrend in the driller's stocks and some other service companies. Because it opened so high today due to the Aussie news it sold off. Clearstation shows it is near emerging on an uptrend, and stochastics is below the overbought level that the drillers and some other service companies are showing. If it drops to around the 50-day average I'd jump on it again, and am definitely holding what I have now at 16.