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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread. -- Ignore unavailable to you. Want to Upgrade?

To: Bill Zeman who wrote (100)	3/31/1999 1:32:00 PM
From: phoenix	Respond to of 194

Bill, I can't argue with your analysis. Global demand down. Oil producers will cheat on the cutbacks. The recent upswing in oil service stocks is an overreaction that we see every day somewhere in the market. However, the fundamentals on PDE as a company are very strong within the sector. The price of PDE is still very depressed. The ratios are still compelling. My horizon is probably longer than yours, as my tolerance for short term stock price fluctuation. I hope you get back in before it pops up. But that might not be for while. Roger