Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Perfect Hedge who wrote (13405)	3/3/1998 1:42:00 PM
From: Thean	Respond to of 95453

I think I'm right in saying that most of the offshore drillers and service companies are pushing the ceiling up as we speak. The one obvious laggard today, SLB, may be linked to its perceived status as the fat king which no one wants to touch for combination purposes. They may want to buy others but it's better to be the merger target. Other possibilities: Another thing could be that some brokerage is reducing SLB today. Maybe insiders are selling. Anyone check EDGAR filing on SLB recently? If 15 minutes before close and OSX is way above 108, like above 109, you may want to put some short term money into this sector because this 108 resistence level is MAJOR and you can count on the mo money to swing this thing. Where does the mo money come from? The high techs!