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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (44693)	5/13/1999 3:27:00 PM
From: The Ox	Respond to of 95453

I received this email today, FWIW: 'kensey' has recommended PTEN (Long) 'kensey' said: DSP Communications (DSP) is currently oversold following high volume octane blast. This idea is right off the A-List on the front door. Another Stochastic oversold stock on the A-List is Noble Affiliates (NBL). So if you have been looking for an opportunity to pick up a stock that is in the Oil - Exploration & Production group, this is a timely entry into this group. Another stock on the A-List is Baker Hughes (BHI). It was placed on the A-List due to todays Analyst Upgrade (Salomon lifts rating from Neutral to Buy) and the fact that the stock is in an uptrend and currently in a relatively oversold position. So if you have been looking for an Oil Machinery and Equipment stock, this is a timely entry and you have an analyst patting you on the back. In the Oil and Gas Drilling sector, Patterson Energy (PTEN) is bouncing off an oversold level. Stock looks attractive here. Buyers still in control of the stock. Liking the huge volume that brought DSP Communications (DSP) stock that occurred in April that took the stock from 15 to 28. Stock has spend the past 3 weeks moving horizontal as this gain was digested. The stochastic lines have navigated to the oversold region and are starting to curl back higher. DSP is flat today. So this is somewhat unlike most recent picks where I wait for a better semblance of upside to commence before diving in. So its a smallish position and then 'wait and see'. Strike not necessarily when the iron is hot, but leaning against the wall. Vitesse (VTSS) is up 2 points and trading at 51. So taking some profits there. Worldgate (WGAT) mentioned on Monday is up sharply. 7 points to 35. Many thanks to speedbot for that one. And Global Crossing (GBLX) has managed its way through resistance at 60 and as such enters a new range of trade. 60 should now serve as support during any pullback. This becomes the short term buy point. An amazing pick by jpshark I've had the joy of participating in was STGC. Post number 5 on that board. All quiet on the STGC board front however. Public apology for my comments on China yesterday. That was due to frustration. I just wish everyone could just get along! Let it be said however that no feelings of animus exist on my part. That was simply a 'reaction'. kensey See the annotated graph of this recommendation at: clearstation.com