SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Braddock Bull who wrote (24213)6/16/1998 10:36:00 AM
From: pz  Read Replies (3) | Respond to of 95453
 
Just took a peek and see oil is +.46. This obviously is incorrect since we all know it's going to zero....lol.

Paul



To: Braddock Bull who wrote (24213)6/16/1998 12:55:00 PM
From: Czechsinthemail  Read Replies (2) | Respond to of 95453
 
Brad,

I think you're right on about TCMS. The low trading volume exaggerates moves both up and down. The Paine Webber downgrading of other oil services companies may have provided a trigger for some selling, and with a small cap it doesn't take much to drop the price. On the other hand, at these prices the stock is a steal, and it won't take much buying interest to move it up.
I've lightened up on some of the drillers and moved more into TCMS.
Baird