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


To: Broken_Clock who wrote (20723)4/28/1998 7:28:00 PM
From: Grommit  Read Replies (1) | Respond to of 95453
 
Plus this clip from HMAR press release 2 days ago..

''We don't see a slakening in the demand for our services...and we have all of our vessels fully employed,''




To: Broken_Clock who wrote (20723)4/28/1998 8:41:00 PM
From: waverider  Respond to of 95453
 
Now that is a cool site. Thanks PK.

<H>



To: Broken_Clock who wrote (20723)4/28/1998 10:21:00 PM
From: Douglas V. Fant  Respond to of 95453
 
Papaya King, Today's late reversal I found most fascinating- I believe that just like other cyclical stock groups, oilfield service companies are beginning to get some attention........ But if you're stacked knee-deep in TDW stock, I say buy no more, and go for a tubular goods supplier, well service provider, or driller to round out your portfolio...........

Sincerely,

Doug F.



To: Broken_Clock who wrote (20723)4/29/1998 9:47:00 AM
From: RGinPG  Read Replies (3) | Respond to of 95453
 
I was about to rebut your evaluation of TDW's chart, but had a second look at it today, and I think you may be right. The fall from 41 (it had good support there) to 38 was very concerning to me, especially at a time when the other boats (and most of the rest of the sector) were still making higher highs. There must be a reason for that.

Looking at the chart, it went down after the last buy signal, but now the stochs seem to be making a double bottom and are turning back up. This is one of those rare instances where the buy signal was too soon, but now we're getting a second buy signal which is almost never too soon.

Looking at the fundamentals, it has had minor downward revisions in earnings estimates the last two months (in the 2 to 5% range) which is much better than a lot of stocks in the sector that are doing well stock price wise. The last 4 qtrs they have had positive earnings surprises, and their gross margins have been steadily improving over the last 8 quarters
rgdoczzz.home.texas.net
(Something new I've been following).
So, I will take advantage of any weakness the next couple of days to double up also.