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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 (32267)11/30/1998 2:20:00 PM
From: DavidG  Read Replies (1) | Respond to of 95453
 
Marc,

If I were the only person in a mall during holiday season, I wouldn't buy retailers, no matter how low they had gone

IMO that is the best time to buy...when no one wants them. Just stick with the quality issues.

I picked up some more SLB calls, SLBBI's at 3 5/8 to 3 7/8. Just waiting for the snow now...and it will come soon enough.<G>

Good Luck trading
DavidG




To: marc chatman who wrote (32267)11/30/1998 8:55:00 PM
From: Bazmataz  Respond to of 95453
 
I don't get it... RIG and DO downgraded to SELL today, yet GLM plummets worse than all of them... GLM, NE - all dogs... what's the negative spin on the GLM news today? Anyone?




To: marc chatman who wrote (32267)11/30/1998 11:03:00 PM
From: Mark Glembocki  Read Replies (1) | Respond to of 95453
 
Marc,

Didn't your mom ever tell you...never buy a snow shovel in the middle of a snow storm ?....On a serious note,,,the price of oil is cheap for sure and it probably won't come back for a while, however believe it or not the stock market is a very forward thinking animal (i.e. - internet stocks)....Yea, we all saw the 10 year charts on these babies,,straight to a buck,,,well this isn't the same market !!!! I am sure there are many traders and managers in NYC sitting in the sun licking their chops over the fundamental picture of some of these drillers.......Buy the shovel now....put it away for a while,,,It will probably come in handy !!!!

Regards,
Mark