To: Thean who wrote (4636 ) 12/9/1997 3:02:00 AM From: Theodore Stullich Respond to of 95453
Thean ... Many thanks! the table gives me a concise view of market action for many of the drillers I follow. Appreciate your work. A few comments. It might be helpful for all of us to see this updated from time to time when you think it's worth a look again. Hopefully it's not too much work for you assuming you have a s/s shell set up. Have you given any thought to ordering the data? My preference would be in rough subset groups like I mentioned in my previous post to you and then maybe in descending order of recent % off 52-wk high. Gee, maybe you can start a newsletter and make some $$$ off this? BTW, that IQC site really is a big help. Thanks also for that reference. Your intraday BB strategy looks like a good basis for a trading scheme to me. I'm thinking of taking a tidy profit on my RB longs tomorrow, selling into some strength if I can find it. Trouble is, when you look at day charts for a few month's cycles, you can see that these stocks will often march right along up the upper BB for quite a while, only then to finally head down for the next swing for reasons to complicated to fathom at this point (at least for me). Thoughts? Shallow water focused companies and deep waters not improving as much as groups and I'd love to have a better understanding of why? At least so far. In particular, RDC's action bothers me. Great company, great numbers. What's holding this one back? There was a S&P report dated 04-NOV-97 on Rowan I saw on Yahoo Finance that exposes some of the concerns on them. With Gorilla VI and VII expected to complete in 1999/2000, risk of economic rate payback a question in some minds. Rowan is making some heavy bets ... Again, appreciate your TA insights. Regards, TS