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

To: JGreg who wrote (6314)	12/30/1997 9:37:00 PM
From: Thean	Respond to of 95453

Greg, as of today I own UTI, MDCO, GW and PDS. As you can see I'm heavily weighted into the land drillers because they had corrected the most recently. I'm seeing the land drillers (PTEN, NBR and UTI) as the "early" leaders in this bounce up. I bought GW because it had not moved much from the low yet. In just a few days, PTEN had moved from 28-29 to 38. UTI moved from 19-20 to 24. This is >20% gain in 3-4 sessions folks. Will they sustain this kind of momentum? Things always go to extreme so I'm prepared to switch out of them when they go above their "moving fair valuation" (BB is a good indicator of this valuation).