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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 (22917)	5/27/1998 4:37:00 PM
From: Broken_Clock	Respond to of 95453

WII had 60k in excess on the buy side at the close....

To: marc chatman who wrote (22917)	5/27/1998 5:11:00 PM
From: 007	Read Replies (1) \| Respond to of 95453

Marc, as you mentioned EVI completed the merger today with WII. biz.yahoo.com I believe that today was the beginning of the institutional buying that will result from EVI's market cap rising beyond the threshold for a lot of institutions that don't yet own it. After the merger news today, there were two buys over 200k each. Managers ready to buy based on the combined market cap don't toss in $100M and risk that the merger is called off. They waited for the deal to be finalized. Look at it from the perspective of funds that don't own it: EVI is a growing value play, it has excellent management, a diverse oil services product line and it's way oversold. IMO, they started hitting it today because the market cap is now large, the merger risk is gone, and its price is lower than they had hoped to get in for. Wise managers IMHO. I just hope they are right and that they keep coming back for more. OO7 As for TA, EVI's chart is simply voluptuous. (Yeah, I'm a little biased and trying not to fall in love.<ggg>)