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

To: The Perfect Hedge who wrote (3846)11/26/1997 8:38:00 AM
From: sand wedge  Read Replies (3) | Respond to of 95453
 
Glen, This is from Second Choice on GW:

Moving Average Convergence/Devergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a STRONG DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
WATCH FOR RESISTANCE AT 7.13
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

AVOID THE STOCK
STOCK IS NOT A SHORT SALE CANDIDATE
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY

I'll run some of our other favorites this afternoon.

D



To: The Perfect Hedge who wrote (3846)11/26/1997 8:43:00 AM
From: Big Dog  Respond to of 95453
 
Thanks Glen -- Nothin special about GW -- a guy just HAS to pick a girl you know -- and in a room full of purty ones you just grab one and go with it. Now I'm married to her so I GOTTA like her. Follow me?

GW is just as good as any of them -- 2nd largest land driller. Good leverage from lower price...but it has been clobbered and I think it is because of that large secondary offering.


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