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

To: Broken_Clock who wrote (13947)3/6/1998 12:10:00 PM
From: Czechsinthemail  Read Replies (1) | Respond to of 95453
 
PK,
I'm also impressed by the ability to hang in, particularly with oil prices down $0.20 last time I checked and the recent cautionary Barrons and WSJ articles. It suggests some bargain hunters jumping on any price weakness. I think optimism that we are near a bottom in oil prices has been increasing. While much of that may be based on a hope that OPEC will get its act together soon and that may not turn out, strong jobs reports and indicators of a stronger than expected economy can only help.

good luck,
Baird



To: Broken_Clock who wrote (13947)3/6/1998 12:13:00 PM
From: davep  Read Replies (1) | Respond to of 95453
 
tecnically,this is wher(22.5) you'd sell mdco but its showing monster strength and can't be dragged down by other oils.Very big vol and does not want to retrace.Big guns are in this one.DJII underperforming SPX by 50%.Dow should be up +140 maybe catch up later.TMAR is another thats starting to show solid strength-between 20 and 27 and 30 this one can fly-its a boat and this sector has been weak but...something to pay attention to


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