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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (4011)	10/17/1998 8:17:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Mark, Part 2 ( Ran out of time cutting and pasting) RGinPG's website; osxstocks.com A lot of posters from the drillers thread can give an insiders perspective to the industry as a whole. I would recomend following the posters for a good look at what the sector is about from a fundamental standpoint. Even though the sector was completely oversold, some of the FA points that should be watched are; Price of crude(WTI&Brent) on the spot and futures markets Baker Hughes running rig count Dayrates for drillers(rising or falling) World tension or troublepoints that may affect crude production or shipping API numbers released on Tuesday for revisions in storage and stocking figures Share buybacks and insider purchases of stock. For a good list of the sector, I would recomend RGinPG's website. Strong rally this week after the funds dumped, but the key ingredient is the price of crude. A sustained level below $15-16 is not bullish for the sector. Missed the move this week being in the office, but with the volatility of this sector there is always tomorrow. Good Trading Dave