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Gold/Mining/Energy : Pride Petroleum Services (PDE) -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (414)	5/5/1999 11:14:00 AM
From: DEER HUNTER	Respond to of 454

the company has battened down the hatches sort of speak to allow itself to come through this difficult period. They will survive...no doubt...but investors will now focus on the short term and the negative tone of the earnings report. It will most likely take PDE several quarters to return to profitability ...... assuming stable oil prices from here. I am flat this one right now....I bought in the low 5's where I figured the street had over-sold it....and traded out a few weeks ago below 10. I think the stock will trade lower and consolidate in the mid to high 8's.....longer term....a great opportunity. Good luck. dh.....