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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: RGinPG who wrote (690)	5/12/1998 11:02:00 AM
From: Captain James T. Kirk	Respond to of 1305

Actually, the best you could hope for would be 17 1/2-3/4, that is where the 50 day moving average is. You will need a major Oil price tank to get any better. But, like I said before, we are currently at the bottom of the oil trading range, and UTI is holding the 100 day moving average at 19. Opec is not happy with current oil prices and in June, they will take action. Oil is obviously a manipulative market, and if the players are not happy, they will take further action. Thus, being at the bottom of the oil trading range, would not be the time to hope for lower UTI prices. That's my point and opinion. Nothing is ever 100%. The OSX is currently in the 115 range, and is trading sideways today. This maybe near the bottom, and UTI closely follows the OSX.

To: RGinPG who wrote (690)	5/12/1998 11:13:00 AM
From: Captain James T. Kirk	Respond to of 1305

STO is only one of over 120 TAs we use. To select the absolute top and bottom, we find Divergence indicators are the way to go. they called UTI's top and called the recent bottom. That is what we are looking at, along with the price of Oil. the Oil price outlook is very bullish, and if UTI is at 19 with oil at 15, imagine when oil hits 20. And we haven't even talked about natural gas, which is 75% of UTI's game.

To: RGinPG who wrote (690)	5/12/1998 11:35:00 AM
From: 007	Read Replies (1) \| Respond to of 1305

<Hardly worth the time of even a semi-long term investor.> Ron, I agree with that for other reasons, too. Investors always talk about taxes and risks, but what stops me from trading a lot is the stress. I often pass up opportunities to trade a hold because I don't want to deal with the added difficulty. It's often not worth the hassle for me, so I try to be very selective and only pursue the easier ones. James

To: RGinPG who wrote (690)	5/12/1998 4:40:00 PM
From: Captain James T. Kirk	Respond to of 1305

UTI gets a re-enforcing buy signal today, from the one issued originally on 3/23 (on our all TA systems testing). The signal was triggered due to the following: Random Walk Breakout Harami candle pattern Trend rule tracking