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

To: marc chatman who wrote (15915)	3/22/1998 7:05:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 95453

<<Re: "The Stock Picking Game" -- I think it could be great fun to pick stocks which we can cheer, but I was wondering if anyone had reasons to offer for their picks this week, such as a certain TA indicator, a relatively stronger correlation to the price of crude, a favorite of certain fund managers, etc.>> OK -- I picked three land drillers. They have been beaten down so badly, they will bounce on relief, IMHO. UTI has lost 0ver 60% of market valuation from last October. A little bit less for NBR and BDI. The technicals on UTI look very good for a pop. The spread of the BB has converged over time - usually a signal that some breakout will occur. The DMI/ADX indicates a buy as do my stochastics. The RSI is about 50 -- which is OK. Same signals, but not as strong for the other two. drsvelte