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Parker Drilling Co. Message Board

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  • manboking manboking May 31, 1999 12:57 PM Flag

    PKD & NYMEX

    Oxy, six times could be interpreted as a bearish
    sign (more than twice ave. volume), while contrarians
    would interpret it as a bullish sign (more shares to
    cover), 4% of the shares shorted where covered that month
    that could be a positive trend.
    Commercial
    Intertech, shorts covered 82% of their shares from April to
    May, more positive now (very few shares short)less
    than a third the normal average volume of 36,500,
    caution read news, to try to make sence of what the raw
    data is trying to tell us.

 
PKD
2.50-0.08(-3.10%)Aug 4 4:02 PMEDT