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Nabors Industries Ltd. Message Board

  • buycheapstocks buycheapstocks Nov 9, 2006 12:29 PM Flag

    oih/nbr

    next resistance for oih 145 and then 150.
    NBR has no resistance till $34. no I am not on any drugs.

    if there is a sell off it will be next week after oil inventories. next week is option expiration and MM will pull OIH back. until then we probably go up maybe in baby steps.

    oih broke 200 day MA with heavy volume always a bullish sign.

    just my opinion.

    good luck

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    • I have way to much invested here ,as I have averaged down from 35

    • "if there is a sell off it will be next week after oil inventories. next week is option expiration and MM will pull OIH back"

      ah, I can only hope!!!!

      but I still hold to the belief that this explosion upward the past few days can only be one of two things situation

      1) another depressing false run up after all the past we've had the past 6 months

      2) a massive rotation back into energy which will give all of the oih's new support levels.

      we shall see, but I would agree with buycheapstocks in the sense next week, especially late in the week, will let us know which of the two scenarios this is

      big volume is hard to deny though.

      and do has NOT had big volume on this breakout which was another reason I shorted it!

      oh the ego cant take the abuse!

 
NBR
24.81+0.68(+2.82%)Apr 17 4:03 PMEDT

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