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


To: John Carpenter who wrote (15148)3/17/1998 5:06:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
John-
You are correct. All the drillers with deep water exposure formed hammers today. Very heavy buying off the lows for SDC, RDC, NE, RIG, DO.
PK



To: John Carpenter who wrote (15148)3/17/1998 5:17:00 PM
From: 007  Read Replies (1) | Respond to of 95453
 
I noticed rig jumped at the end because I sold RIG earlier (along with Mdco) when SLB fell below 68. I'm out now; free at last.

I don't want to ride the sector down. Hmm, but didn't I just do that?

I do think we're due for a bounce, but I don't think it will be too big nor worth the downside risk at this point. I'll be looking to jump back in at some point (probably when we're ready to drop again). :'}

007

PS Why does building character have to cost so much?



To: John Carpenter who wrote (15148)3/17/1998 9:36:00 PM
From: shadowfax  Read Replies (1) | Respond to of 95453
 
RDC jumped at then end(Thank God!!!) could this be the beginning of a rally off the bottom????!!!