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


To: donald sew who wrote (8670)1/18/1998 12:24:00 PM
From: Dragon 1  Read Replies (2) | Respond to of 95453
 
Hi, Don! I am still hanging around here. Thank you for the reading of RDC and GLM.

It's snowing big in NY while I watched John McCain agreeing military strike is inevitable (specific targets: his loyal guards and palaces) if Saddam doesn't back off. Plus just read the Barron's article on the drillers and hope the Asian situations will ease come Tues. and this week. Looks like things are acting in concert and good signs converging to tell us where the market is headed. Tying those to your reading and the fundamentals of this sector, I think we are seeing drama unfolding in front of us. Looking forward to your great Index Update.

Regards,

XQ



To: donald sew who wrote (8670)1/18/1998 12:55:00 PM
From: BBG  Read Replies (2) | Respond to of 95453
 
>>Glen and Thread,

I am purely a technical analyst and I do not follow fundamentals at all,

Would like to hear any recommendations and why its a good buy.<<

Donald...

Yes... I would be very interested in hearing your recommendations and an explanation of the technical indications that they're based on...

My trading is based strickly on the fundamentals and the experience and information I am "privy" to from being in the industry for more than 20 yr.s...

If we're talking 3 - 5 yr.s you absolutely cannot lose with any of the companies frequently mentioned on this thread... Producers are also going up and splitting and going up again... etc.. If you're talking about "Tuesday Afternoon" then you might as well be putting your $$$ on "Black Gold" in the 7th at Santa Anita... IMHO

This is my first post to this thread... To everyone, thanks to all for the great analysis, info. support and laughs...

On Bottom and Turning to the Right...

JD



To: donald sew who wrote (8670)1/18/1998 2:02:00 PM
From: Jeffrey Beckman  Read Replies (1) | Respond to of 95453
 
Donald, My impression is that FLC has good relative strength, usually being one of the last to break down in a crisis. If you look at their stochastics, the peaks have been hitting 60%, compared for 20-30% for many. I think people view it as a solid deepwater play, and are intrigued by the merger.

On the service side, SLB seems to show similar strength. The land drillers, UTI and PTEN, are more volatile, but may show the best gains if the sector breaks the downtrend.

Jeff



To: donald sew who wrote (8670)1/18/1998 4:24:00 PM
From: The Perfect Hedge  Read Replies (2) | Respond to of 95453
 
Donald-
Here's a post on RDC.The ceo was on CNBC last week after earnings:
exchange2000.com

Here's a post on GLM,they also reported last week:
exchange2000.com

and another post on GLM:
exchange2000.com

Hope this helps.
GD



To: donald sew who wrote (8670)1/18/1998 7:27:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
Donald,
< that my recommendation is shallow.>

Actually your recommendation is deep...they are deep water drillers(GLM is both I believe).<G>
Dave