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

To: SJS who wrote (11180)	2/9/1998 10:27:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 95453

Steve, You hurt my feelings :-) OK, both RON and MDCO traded to their bearish resistance lines and surpassed them, not brilliantly, but surpassed them. Since then they have retraced on a pullback. When I say good risk reward I mean the entry price now, at market, provides less risk in a new position. For instance on Ron: If you had entered at 57 without waiting for a pullback your risk could have been as much as 9pts. Probably still a good buy but better to get it at 52 when your risk is only 4pts. This is assuming you apply stops. The stop I set using the chart and seeing an area of support at 49. A move to 48 would break that support, hence the stop. I look for pullbacks on stocks performing well to bring the advantage to my side. A lot of the oil service stocks have surpassed their bearish resistance lines created since the sector reversal in October. Most of them have not pulled back and may not. I noticed these two did and wanted to make mention of it. Jan P.S. I am not saying anything negative about RON, MDCO or SLB. Just trade entry ideas IMO.