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Gold/Mining/Energy : UFAB - oil drilling deck fabrication -- Ignore unavailable to you. Want to Upgrade?

To: andrew r harwood who wrote (190)	12/3/1997 4:26:00 PM
From: JOHN CHEN	Respond to of 337

UFAB is finally looking very bullish based on huge UP volume today-highest volume since IPO! I look at UFAB technicals on TC2000 and it showed 100% oversold (RSI and MACD hit bottom) but balance of power was still negative. Yesterday, balance of power started turning positive and I was still not ready to jump in. Today, I did jump in based on this very encouraging volume and from the looks of things, fund managers are buying BIG TIME today. I will download TC2000 again today and I am sure we will see positive balance of power today, signifying the bottom has reached and UFAB is on its way to JAN. effect rally. Good trading.