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

To: RealMuLan who wrote (7232)1/9/1998 12:42:00 AM
From: RealMuLan  Respond to of 95453
 
DRQ is one of the driller stock which holds relatively good, "only" down 32% from its high.



To: RealMuLan who wrote (7232)1/9/1998 1:01:00 AM
From: larry  Respond to of 95453
 
It depends. I think that there won't be lots of insider selling since that will basically kill the stock. My understanding is that the company knows that it's stock is undervalued and probably will work its tail off to move its price up. IF they still want to grow the company as they expected, they won't sell the stocks.



To: RealMuLan who wrote (7232)1/9/1998 8:13:00 AM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
The six-month lock on insider stock should be up on Jan 17. The IPO price was a split adjusted $8.5, so yes, thyey still have a triple from the IPO of six months ago.

I expect they will not sell into this market. They may be rich, but not stupid.

Maybe there will be a trickle, and some dumb ass analyst will take this as a sign that insiders are cashing in now before the fall to fifty cents...anything can happen.


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