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


To: Matthew Scott Davis who wrote (9727)1/26/1998 12:28:00 PM
From: bw  Read Replies (3) | Respond to of 95453
 
The pattern among sector stocks has been small runups before positive earnings, and then a selling into the news. Nothing new here...The boat sector will continue to probably underperform the drillers due to lesser replacement costs for new-builds.
Maybe the market is reacting to a false impression that the OPEC meeting in Vienna today would bring results. The Saudis were never scheduled to attend..thus little progress seems possible on that front. Hang in there..I think that intraday lows do not a bear market make..At least not yet!



To: Matthew Scott Davis who wrote (9727)1/26/1998 12:40:00 PM
From: The Jedi  Respond to of 95453
 
TDW did the same thing last quarter. It had good earnings and it still tanked, and at that time most of the sector was much higher than now. Who knows where the bottom is. I certainly don't. I think it is buy the rumor and sell the news. You may want to get out and preserve captial to play another day.

Kiri



To: Matthew Scott Davis who wrote (9727)1/26/1998 12:41:00 PM
From: akopov michael  Respond to of 95453
 
Matthew, you forgot many that short your company. I just read at Stockinvestigator Internet side that our own brokers sell stocks
that belongs to you and me or other investors because when we buy stock of a company we do not request from broker to send certificate to us .



To: Matthew Scott Davis who wrote (9727)1/26/1998 2:10:00 PM
From: Swede  Respond to of 95453
 
Matt,

TDW is in good shape for a long time. If your position will allow you, stay put (if you don't have the clock ticking for any reason).

In a "Goldilock's" market (ideal), people get used to stocks jumping on the least bit of good news. We're not in that kind of market now, and it's tough for us to see great earnings, etc., but no reaction.

Time is on the side of fundamental investments!

If you can get to a long-term position, you'll do well--and sooner than some seem to think, IMHO.