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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (411)	3/3/1998 9:48:00 PM
From: ftth	Respond to of 1720

Glen, as a value play, I'd say UTI looks most attractive. As a strength play, I'd say ATW looks best. In between, CAM, BRR, DO, EVI (your favorite), ESV, TDW, RIG, and RON look reasonable. If this really is a persistent move off the lows, the first ones to run generally are the better ones to be in for group moves. This group (minus UTI) seems to be showing the early leadership, with Atwood leading the way. P.S. you gotta be clear what you're going after here, and what your expectations are. You use speculating and value play in the same paragraph. To me a value play means you don't wait for a show of strength, you jump in when you think it's hit bottom, then cross your fingers (so I'm not sure I answered your question) dh

To: The Perfect Hedge who wrote (411)	3/4/1998 12:12:00 AM
From: HeyRainier	Respond to of 1720

[ Oils ] GD, I'm going to take a look at the ~9 stocks Dave listed on his reply. I'll look at the fundamentals and technicals for you. Might take a while. I'll have it in a few hours. Rainier

To: The Perfect Hedge who wrote (411)	3/4/1998 1:20:00 AM
From: HeyRainier	Respond to of 1720

[Oils ] Glen, It looks like the Oil Sector is a very good place to be in right now. The Technical picture has turned favorable, and based on the Oil Well Services and Equipment Sector, it appears that the price appreciation potential is capped at approximately 30%. From that point, expect the overhead price congestion to apply some selling pressure as most of the participants who bought there will be looking to sell out at break-even levels. Note that I'm speaking in terms of aggregates (it gets kind of cluttered if I speak about all nine stocks at the same time, so I am making my points from the viewpoint of the whole sector): it looks like at about a further 15% appreciation for the group, milder selling pressure might make itself evident from the resistance established at these levels. You know what, all this talk isn't going to make sense if I don't show a picture. Give me 10 minutes, and I'll have the chart drafted on my Web Page. Regards, Rainier