Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tulvio Durand who wrote (20532)	4/27/1998 1:55:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 95453

Thanks Tulvio. Haven't bought PTEN yet. Looking for you, the critic. What about the discrepancy with UTI? I'm confused on that one.

To: Tulvio Durand who wrote (20532)	4/27/1998 1:56:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Tulvio....Still not sure where your Zacks info came from & why Yahoo Zacks is different. however the overall selloff just hit 2nd gear and that's reason enough not to buy today!

To: Tulvio Durand who wrote (20532)	4/27/1998 2:16:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

Gee, I can't even go away for a few days without things falling apart. Tulvio: If I'm not mistaken, Zacks uses some momentum-based black box for its buy/sell indicator and is usually way behind the curve. I don't believe the Zacks signal has any correlation to the analyst recommendations which Zacks tracks (for better or worse). Also, I'd bet Ron's stochastics would show oversold in 2 or 3 days even if the osx remains flat or goes slightly higher. We are already down 8 or 9% in just a few days, so as the weighting of the lower price levels increases relative to the previous higher price levels, the stochastics will come down. But I do think it is premature to take a full position in PTEN (or almost anything else). If anyone is looking to buy in today, a partial position is probably the best bet. Also, on days like this, we often get a downdraft near the close. And, there is a good chance Asia and Europe will be down big overnight, whch could lead to more futures related selling in this market tomorrow. Rick: Guinness?!! On a Texas oil rig?! OK, I like Guinness as much as the next guy, but it seems out of place. I guess I have this different picture of Texas in my mind (never actually been there). (Hey, at least I didn't say Guinness ain't beer!)