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To: wlheatmoon who wrote (40750)3/24/1999 12:04:00 PM
From: ItsAllCyclical  Respond to of 95453
 
DO vs RIG

On a trading basis DO is currently above it's 200 dma and 50 dma - a very good sign. RIG is still below it's 200 dma (around 32). When it does break above that's when you'll see it breakout into the high 30's.

Just my opinion on the short term outlook.

Long term I own RIG, but not DO.



To: wlheatmoon who wrote (40750)3/24/1999 12:06:00 PM
From: ItsAllCyclical  Respond to of 95453
 
RIG vs DO continued....

Lastly, when the rally in oil first started DO was almost above it's 50 dma so it had less resistance on it's initial climb.