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


To: Lois R who wrote (11111)2/9/1998 12:18:00 PM
From: Thean  Read Replies (2) | Respond to of 95453
 
Lois, I would not worry too much about the absolute price of the deepwater being higher than the land drillers. That is inconsequential when you compare things in percentage gain/loss basis. They will sell you any number of shares you wanted. I had bought (and sold) 61, 413, 777 shares before.

Thanks for sharing this important information. Hope your daughter is OK. Did you (and she) get compensated for the accident? There are plenty of lawyers on this thread but I wonder if they specialize in personal injury cases.

With the anticipation of lowering eps across the land drillers, and we have seen it today with NBR, I would take the loss and put a buy stop order in for an offshore instead. Since all drillers are weak across the board, the buy stop makes sense, just like a sell stop for NBR makes sense today. Net, switch them to a group with better short term and long term fundamentals.

Ron - yes, things look to be a repeat of Friday. They are starting to get bounced off the upper BB. If you have gains, take profit or place a tight stop loss here. If they go down any further, they will tend to go down more the next day, then more the next day. That is why I always preach the need to have an exit game plan before one buys into anything. Exercise discipline. Just execute it when the time comes.