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

To: Thean who wrote (19596)	4/20/1998 8:38:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Thean, or anyone with a view, what do you think of NBR for a position trade? The action on Friday looked pretty good, almost a hammer candlestick formation (though not at the precise bottom of the dip). Very good volume Friday, and Wednesday (an up day as well). The risk, of course, is earnings. I found one source with a release date of 4/26, but the oil service stocks never seem to release earnings on the dates we think (Ron had NBR for 4/16). Even with a bad earnings report, though, the downside risk should be fairly limited with strong support at about 23 and then 20. EDIT: FWIW, briefing.com has the Zacks est. for SII at .71 (I've seen several different numbers on different sites), so the .72 would beat the number if it is correct.