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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 (21005)5/1/1998 12:10:00 PM
From: marc chatman  Respond to of 95453
 
Pisani: Yadda yadda ... Market talking about OPEC cuts taking effect ... yadda yadda ... maybe a new round of cuts in the next few weeks ... yadda yadda ... Salamon positive on Exxon and Chevron ... yadda yadda ... Oil service stocks breaking out; DI at a new high ... yadda yadda.



To: marc chatman who wrote (21005)5/1/1998 12:15:00 PM
From: Broken_Clock  Respond to of 95453
 
marc...I was thinking that a few days ago but we're coming back stronger than ever. Oilwent back down to retest 15 yet we stayed up higher this last mini down cycle.

Oil could test 16 again shortly. If we break and hold 16 then I believe we will see the land drillers start to rumble. I see lots of accumulation taking place on volume in the land boys(GW & UNT yesterday)



To: marc chatman who wrote (21005)5/1/1998 12:28:00 PM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
Yeah, I'm all in and more. Picked up PDS, more UTI, PTEN, SESI, and SII yesterday.

The stochs gave kind of a fake out move and never really got into the oversold area before moving up again this time (with rare exceptions like PKD, and BDI). So the usual pattern of going all the way down to the oversold area before popping up again was broken this time around.