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


To: Judy who wrote (2819)11/10/1997 4:49:00 PM
From: Snowshoe  Read Replies (1) | Respond to of 95453
 
>>Using lowball gtc orders seem like a good approach. ... Let me know which driller/oil service stocks you pick and their entry points.<<

Judy, my gtc orders are for the contingency where the market tanks with indiscriminant selling back to DJIA 6400 / SPX 740 with massive volume that inhibits brokerage access. Thus I put in a lowball bid on CDG at approximately the 200-day ema.

This bid is just a precaution in view of the weak market and recent tanking of other popular sectors. Oil-related stocks seem like a good prospect for accumulation on weakness, provided that Asian economic problems do not undermine oil prices. I'll keep an eye on this sector for an entry point.