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To: SliderOnTheBlack who wrote (40967)3/26/1999 12:48:00 PM
From: marc chatman  Respond to of 95453
 
<<PGO's stochastics are oversold and bottom Bollinger Band is violated at $13 7/8ths>>

Slider, I'm not sure what settings you are using for stochastics or BB's, but I don't get either of those readings. For the BB (20 day, 2 sd's), the lower BB appears to be around 12. For stochastics, of course, overbought/oversold depends on the settings for %k, %d, but you would probably need a very fast setting to show oversold on the daily chart. I'm showing overbought to mid-range. Be cautious.

In any event, I don't really use those indicators, except, perhaps as an occasional confirmation. And I like PGO, but I'm not a buyer here.



To: SliderOnTheBlack who wrote (40967)3/26/1999 12:53:00 PM
From: Think4Yourself  Respond to of 95453
 
I FINALLY took your advice from last week. Rotated from VTS to PGO today. VTS was just too much higher than PGO.

Two reasons why I did it:

1. 99 earnings estimates significantly higher for PGO
2. PGO's FPSO's should kick into the bottom line from here on out, making it more diversified/profitable than VTS.