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Broadridge Financial Solutions, Inc. Message Board

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  • dontdropyourlunch dontdropyourlunch Jun 27, 2000 2:21 AM Flag

    Once This Stock Closes Below $39 1/2

    me a "technically weak" rdc (rowan companies,
    inc.) in february (or was it march) at 21.

    has looked and has been weak for weeks, but i bought
    more today at 38 13/16s. oil and especially gas prices
    are not coming down but a small amount unless the
    entire economy crashes (which could happen but is not
    likely -- i don't think the street is forecasting this
    by using br (and other ng stocks) as the messenger).
    these ng stocks have run up a lot since march, and the
    doubters who have sold recently will be clamoring to buy
    back in when this next round of earnings announcements
    happen in july. until energy is back in vogue (for real)
    i think energy stocks must prove themselves with
    great earnings surprises for the street. when this
    quarter ends in a few days, just one ng positive
    preannouncement of upside-to-earnings guidance will propel the
    group upward again. i know earnings are going to be
    great, and the guidance will be that further upside can
    be expected going forward. this end-of-cheap-energy
    cycle has many years to run.

67.68+0.03(+0.04%)Jul 29 4:03 PMEDT