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


To: jbe who wrote (21859)5/12/1998 8:40:00 AM
From: iandiareii  Read Replies (2) | Respond to of 95453
 
Briefing.com features TMAR as today's "Trader's Edge" stock, concludes the market is nuts:

<<Steep decline in TMAR share prices, though, looks to be more a function of poor market psychology than poor fundamentals... Over the past 5 quarters, company has exceeded earnings estimates with an average positive surprise of 10%.>>



To: jbe who wrote (21859)5/12/1998 8:47:00 AM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
The good news today is that June Brent is up .13 in early trading. And crude futures are bid up about .17.

The bad news is that a daily chart of oil prices shows trading in a down-trending channel for about the past 3 weeks. Yesterday, crude futures dipped below $15 before a bounce to $15.50, and then settled back to $15.16. I suppose we will see soon enough whether the bounce yesterday was technical. For now, the downtrend appears to be intact.