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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (11489)	5/1/2002 3:33:36 AM
From: waverider	Read Replies (1) \| Respond to of 36161

Not to change the subject, but anyone been watching RIG. And the brain trust said... Transocean's stock has lagged behind while other drilling and oilfield service stocks have posted big gains in recent months. Stone said this had probably prompted some buying of the stock by bargain-hunters on Tuesday but that it would be wrong to conclude this marked a big shift in market opinion. "I think it would be premature to say that the market has changed its view on this company," he said. Even after Tuesday's gains, Transocean's stock is up only 5 percent so far this year, compared with a rise of 22 percent for the OSX index of drilling and oilfield service stocks. .......................... Well now, looks like everyone thinks RIG is a dog. Well, we broke out today on good volume and frankly I think this pup will fly if it can hold this solid break above 35. I'm looking for an entry point. Anyone care to comment? wr