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

To: BigBull who wrote (63552)	3/31/2000 11:45:00 AM
From: hdrjr	Respond to of 95453

BB, I look at several different technical analyses. I am not a master of any of them. The OSX broke a spread triple top at 94 and using the PnF calculations 122 was predicted. I will settle for 120, my charting, going way back in time, showed 119. I believe support to be at 106. Not that I am correct at the top or bottom, but that is what I will use. As I said last week, I am hoping, not predicting 106. I think it is very possible. At that point I may come off of my margin dollars and buy drillers to supplement the service stock and EnP I hold. Keep up the good work, hdr

To: BigBull who wrote (63552)	3/31/2000 12:54:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Interesting action; OSX down 5 pts from intraday high, APA APC BR triumverate all down, TX CHV downgraded ... BHI HAL SLB all well off the highs etc. Looks like the sector wants a breather... and I think the market wants another re-entry point & they have a way of getting what they want (VBG). Again; we all march to different drummers, but for those who seem to buy & hold on margin; how do you think the CAM folks on margin feel today ? Felt like time to cash in some chips & remove margin leverage to me ? Got a little HAL back $2 cheaper in the $39's - will sit ea $2 down and load the boat. Loaded in PGO, but think we see the $16's here, maybe mid $15's before a major run thru $20-24. Bought a little FLC back and will also load it all the way down on any retrace - praying for mid $17's one last time. I think we waffle lower on lower volume and a subsiding of sectorwide rotational buying - not really from selling; just some profit takers. The market needs to sort this sector rotation & volatility out a bit imho. I feel we get to buy virtually everything a bit cheaper here before we base & run. I'd agree that OSX 100 is the floor and support starts around 105-6 - which I think we may see. Anyone who unloaded margin leverage at 115-120 and re-loads at 105ish is making THE smart play as technicals tell it all - two days in a row of heavy selling-profit taking at the intra-day highs. The sector leaders - APA APC BR, or SLB HAL BHI - must lead the pack and they are not. Nothing wrong with forming a base around 105 and then running hard thru 125-130ish by Memorial Day.