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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Bazmataz who wrote (418)	5/25/1998 8:55:00 PM
From: Thean	Respond to of 14427

Baz - SVSu.to traded only 4300 shares today at Toronto, practically nothing happened. It closed at 23 1/4, no change from AMEX close. Looks like SEV will not move until the official words come out, which should be a few more days as they core through the pay zone. Nuc - VRC and FGII as well as most drillers are technically oversold. From their BB's they appear to want to make an attempt to detach from their surfing lower wave trend. Their long stochastics is also getting ready to revert and show a crossover. It may be OK for trading buy but without oil moving above $17 we are not going to see the high of the next up cycle reaching the previous high. Say it another way, we are going to lower lows from cycle to cycle, kind of like the Nov-Dec effect. However, if oil can shoot past and stay above $18, all drillers and oil services co's will rally and make people forget about their weakening dayrate (land and shallow water, may hit deepwater soon in GOM and elsewhere). Until that happens, I'm factoring in a W all the way with a timeframe tied to oil price, then dayrate, then earnings and CC's. The U scenario is already history with the recent sustained downtrend. LT - CCI looks like it has hit a ceiling. Three days is too short of a trend to tell. If it moves below its mid-BB line and move towards the lower BB, then I'd say it is going to retest 148 or so. Until breaking $146 on close or an overall market correction, this could be a dead money. MU - In addition to MU, I'd also short SEG. Compared to WDC and QNTM, SEG has more downside. RDRT could go to $5 if the Tech really get trashed. RDRT is already in 52 wk low - just some idea for you.