Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lucretius who wrote (2983)	11/14/1997 7:33:00 PM
From: CrabDaddy	Respond to of 95453

Hi Luc, I've been holding NE for years and my outlook is this: BEST CASE SCENARIO will have NE at 45 by the end of 1997 and 85 by the end of 1998. WORST CASE SCENARIO will have NE at 38 by the end of 1997 and 55 by the end of 1998. Either way, I think the biggest gains will be in JAN or FEB My very humble opinion. CDad

To: Lucretius who wrote (2983)	11/14/1997 8:12:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

LT, One way to predict future NE price movement is to draw a tunnel starting from 1996 summer when things began to move. If a linear chart does not work, try an expoential one. Of course this assumes things are well behaved and trade within the 25-30 degree turret angle for stocks in long term uptrend like the drillers. Since there will be short term cycles and you have a March call, I would use the opportunity when NE reaches the top resistence line to sell. Alternatively, you can monitor NE using Bollinger Band. I personally have more faith in BB and backtesting the drillers using BB generally works pretty well. Again, sell when NE reaches the top band and don't chase those extra few pennies. As to your Dec call, I don't know... My gut feeling is after this round of selling the drillers will move up but will encounter another downtrend before the year is over due to year end profit locking. If we get a strong move at or after Christmas, it is a good time to bet your farm on that trend. Of course this assumes no political chaos and financial markets around the world are not melting down.