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

To: XOsDaWAY2GO who wrote (9023)	1/21/1998 2:47:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Barbara, I don't know if a double dogi is any better or worse than a single dogi. But MDCO has a large gap it MAY need to cover for it to move higher. Whether MDCO will completely cover this gapping space before resuming futher upside move will depend on what its peers are doing. If the drillers all tank, MDCO will go along with it. This is an industry that does not quite discriminate on individual company. Based on its price movement pattern, I would say MDCO will need to consolidate a bit before moving higher. If it falls below $19, then it will fall further. If it can close above yesterday's high, then the trend will go further up. Right now we have a tug of war going on. Ken, I'm not very good in option strategy. But it goes without saying that one should plan the exit strategy before one buys in when trading. Good luck and don't get too greedy.