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

To: RGinPG who wrote (15176)	3/17/1998 6:14:00 PM
From: Bazmataz	Respond to of 95453

Don't they pump it directly into the ocean already?ggg. eom

To: RGinPG who wrote (15176)	3/17/1998 7:13:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Ron, do not despair. Let's look at this DO chart and focus on the fifth day of Jan where the stock was down heavy and formed a hammer. 207.95.154.130 The next day the stock opened even lower but it bounced back up and it was the beginning of the turnaround at that cycle. Today could be the similar hammer day. However, it is very likely we'll get a bounce tomorrow morning if Brent does not tank more than $0.90 from their close this morning. To protect your gains such as in RIG, set a stop in place. If NY light sweet continues to tank tomorrow, your gain from today is protected and you get to raise some cash for buying at an even better price. For FGII, this should be a great trading stock at this point. Its volume today is actually relatively light versus others. I expect 10% swing intraday for the next few days. You notice one thing, with most of the drillers coming back near the close, they closed very near to their lower BB's. Don't know if you recall this but the risk is actually quite small when one can buy a stock when it violated its intraday BB, meaning when it is outside of the lower BB intraday. My BB is the IQC free site. The fee site has a different BB. Paul Z should be able to tell the difference. I still have not figured out how your BB will perform in situation like this. Papaya - I think we have a better than 50/50 shot in the morning immediately after open. I expect a pop, even a gap up. However, after the first 1/2 hour, we may be 50/50. I'm setting stops to protect my gains in DO and FGII. If the lease-sale is unexpectedly well received, I'll pump more in, then the chance should be better than 50/50 till the close Thursday if crude can hold. They are damn near support if not right on top of it.