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

To: Michael Berkel who wrote (3024)	11/17/1997 5:04:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Try looking at your stock in an intraday fashion. You will probably find that the stock opened higher, had some swings that cleared out the buy and sell stops and then gradually settled lower. This is a typical pattern for some of the more volatile drillers lately. The overall pattern is sideways-down. I watched FGII open higher for five days in a row and end each day lower than the previous day close. Seemed to me like the market maker was drumming up business. You need volume to rally a stock in a convincing fashion.

To: Michael Berkel who wrote (3024)	11/17/1997 5:46:00 PM
From: james paterson	Read Replies (1) \| Respond to of 95453

Mike I own PDS & I'm getting more than a little discouraged here. I talked to their CFO last week & he's optimistic going forward. PDS already has a ridiculously low PE & they expect to exceed analysts estimates for last Q. The only thing that I can think of outside of normal profit taking, is that some investors that are holding converibles may be selling short as a hedge. I'm going to phone IR again to see if they are aware of that going on. If it is then it will eventually be bullish when they have to cover. Meanwhile it's no fun at all. James