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


To: drsvelte who wrote (2525)10/27/1997 8:40:00 PM
From: David Spruiell  Read Replies (1) | Respond to of 95453
 
Marine Drilling MDCO has a value of $44 according to Vector Vest web site. If you go to this site you can type in a symbol and get their value. Some of them are kind of way off( RDRT value of $45
when trading at $19).
dailystocks.com
Looks like a down day sofar in Asia.
Bestluck
David



To: drsvelte who wrote (2525)10/27/1997 10:32:00 PM
From: CrabDaddy  Read Replies (2) | Respond to of 95453
 
Nothing has changed except that people are getting margin calls by the handful and are trying to figure out what to sell - Oil drillers (most considered "small-caps" by industry standards) might be the first holdings sent to the shed to bail out of a margin violation. For example, an investor looking at his holdings of Coke, Gillette, and Global Marine may feel safer holding onto just the soda and razors.
I don't agree with it and I don't support it, but I think that is what may be happening when your average investor gets the call to liquidate something. A lot of people holding these stocks don't understand the story and don't read this thread. 10 years ago I didn't consider buying a stock unless my broker called me and suggested i buy it.
In a pinch I would then look at my portfolio and sell whatever I didn't really understand too well.

God I wish I could pick up some FGII options RIGHT NOW.

Hong Kong down 12% tonite. How this relates to these drillers I will never know.

Bruised but not beaten, CrabDaddy