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


To: SliderOnTheBlack who wrote (63290)3/29/2000 12:12:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Backed out half of my FST trade, sold half per Dain Rauscher downgrade ?

Anyone seen their commentary ?

I'll take the prudent side & see if we get a selloff to re-enter. Simply too many stocks with the wind at their backs to buck the trend imo.

Maybe we retest $8 ? - again, anyone have Dain Rauscher's comments on FST ?



To: SliderOnTheBlack who wrote (63290)3/29/2000 12:14:00 PM
From: Archie Meeties  Read Replies (2) | Respond to of 95453
 
I'm sure those aren't the last of the upgrades for those stocks either.

The houses have consistently been 3-5 months behind in raising earnings estimates for the independents, and they continue to raise them as if oil and ng are unsustainable at these levels. Who was talking about OEI last year when it was 7 and the story was just as good?

With crude and ng slipping, however, I'm hesitating on buying more. Just along for the ride, for now. Waiting for the momentum crowd to try to fit through the eye of the needle.