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Maverick Tube Corp. (MVK) Message Board

  • kmmoreland kmmoreland Jan 12, 1998 10:48 AM Flag

    Bounce

    My opinion: My target price of 12-14 could be too low. I feel a bottom might of been reach. This stock could go to 30 in a short term.

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    • Hi kmmoreland:

      I think you conclusion could be premature -

      Fact -
      BIG BROTHERS did not start pushing hard on OPEC to slow down pumping of their oil. I did not find any sign of that in newspapers yet, did you?

      My opinion long term trend - when we'll see some pushing activity of BIG BROTHERS around OPEC, this would be a sing of the stock (and all oil industry) bottom and a start of uptrend.

      For short term (3-5 days) you could be right and I feel the same as you (short term uptrend).

      -Alex

 

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