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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Rudy who wrote (10975)	5/1/1998 12:00:00 PM
From: tom pope	Read Replies (2) \| Respond to of 13456

Rudy, have you looked at UTI? Earnings reported today were barely in line with expectations but the stock is up. VTS (Q ends May 31) also at an all-time high. I'm not certain we will see a pull-back, unless the overall market tanks. If the OSX closes at its current level of 121, it will have broken thru short term resistance that has turned it back before. What do you think?

To: Rudy who wrote (10975)	5/1/1998 1:29:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 13456

Rudy, my big plays are in the oil service sector. I have been accumulating since February. (Hope it turns out better than the dd's.) I currently hold RIG, RON, ESV, DO, VRC, RDC, CDG, NE, and UFAB. I owned FGII for 2 nice runs and will buy back on dips. Sold out MDCO because I didn't like the earnings report. I thought we'd get more of a dip in the land drillers because of the PTEN report and UTI's mediocre earnings. But the strength today is carrying them up and away. I like PDS along with those two, if you like land. And, of course, KEG. But I'm thinking that the valuation on these is already at or above the level of a few of the offshore drillers, and the growth prospects are similar. Lots of great charts here, but most are well off their bottoms already.