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

To: RGinPG who wrote (15691)	3/20/1998 2:15:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Ron, for thinly traded stock, it is unpredictable. If anything, it magnifies the temporary supply-demand. For example, if oil is up $2 on Monday, all drillers gap up 10%. GMRK (don't know the company but assume it is an oil service stock) may gap up 15%. On the other hand, it may find itself in order inbalance and after the first wave of profit taking it opened at 1% higher. Good luck and remember to set limit. Debra - if you did not get in FLC at the bottom 2-3 days ago, I'm not sure what to tell you. If you look at the OSX and use it as a proxy for all drillers, we are back near the upper resistence once again. Another way to play it is to buy now and just hold on to it and don't sell even if all go down once again, do it like the slo-mo's. Another way to play it is to wait till it breaks into new trading range, like comfortably above $31 and all other drillers are moving to higher ground because oil is back up to $16. I'm not sure what is your system and you may want to ask yourself that question first and your own comfort level. I'll continue to trade via setting stops (lower than previous day low) and if this move continues to be the same old zip-zak move like we have since Jan, my stop will trigger at some point and I'll keep the cash and wait on the sideline. If this move shoots through the resistence and trade into the higher ground (look at chart), then I will not sell at all until all technical indicators become screaming overbought. Hope this helps.