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Gold/Mining/Energy : PRUDENTIAL STEEL (tse:PTS) -- Ignore unavailable to you. Want to Upgrade?

To: BGraham who wrote (50)3/16/1999 6:36:00 PM
From: tango  Respond to of 69
 
my firm was talking it up months back...has since fallen quite a bit. the reason why i like PTS (bought more at 5.50) is that these rigs get nice and rusty fast and drillers aren't making money now,PTS is. The key is to find out if they have much debt. I know precision drilling, but even they have a lot of debt for a weak oil market. I will play PTS for my oil service comeback!



To: BGraham who wrote (50)3/29/1999 5:32:00 PM
From: tango  Read Replies (2) | Respond to of 69
 
PTS has been very strong over the past month! may have trouble through 7.50 and holding. i let off a quarter of my position at 7.50 today.


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