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


To: Thean who wrote (10982)2/7/1998 11:55:00 PM
From: Erwin  Read Replies (1) | Respond to of 95453
 
Thean,

Do you or anybody else have any TA or fundamentals to share on GIFI? ZACKS is ranking it as a strong buy, Thompson is ranking it as an Early Stage Entry. I ran a PEG out on it and it looks like crap, but a PEG is not a good indicator here. So, I put in for a buy on Monday using my Warm Fuzzy Investment Analysis Technique. If anyone can help boost or rip apart my Warm Fuzzy I would appreciate it.

Thanks,

Erwin



To: Thean who wrote (10982)2/8/1998 3:00:00 PM
From: Nancy  Respond to of 95453
 
Hi Thean

He is ST oriented with tight stop, may get out with 1/8 -1/4 loss that type. Yes, your estimates are on target. He is betting bottom is near and should rebound.

I dont konw NBR stacks their rigs instead of lower their rates.

In any case, the sector is out of favor, particularly the land drillers. The only group in the sector looks ok is service / equip i.e. VRC, RON, etc.

Do you notice when Tech strong, money would leave drillers & chase tech ?