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Parker Drilling Co. Message Board

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  • LCBard LCBard Apr 16, 1999 8:17 PM Flag

    LC & T34 - Crude Oil & PKD

    I'm a believer, EZ...also, if one believes PKD is
    the classic laggard ( which I do), then barring a
    major news event, all one has to do is watch the
    movements of SLB, HAL, BHI, NBR, DO, RIG, the leaders as
    far as I'm concerned, and anticipate PKD tracking
    them hours to a day or so after they move in one
    direction or another.. All assuming, of course, that the
    technical indicators remain positive, doing what they do
    best i.e., predicting the very short term

    Overly simplistic? Undoubtedly. Valid? It has been since
    this up move began. Hey folks, I'm not suggesting this
    is foolproof...obviously it isn't. But as a tool an
    another piece of the puzzle, I believe it is and that
    it's worth watching. Thanks for your valuable input,

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    • Having my nightly fight with Yahoo. This is the
      second time I've
      tried to get a post up.

      can't stand it anymore!! I guess, come Monday Morn., I
      will go
      ahead and get a little more PKD. I dread
      it. Common sense tells
      me that the fundamentals
      haven't changed, and this recent rise is
      due to "hot
      air". Nevertheless, for the first time in about 9
      months, I am making money on my driller and oil holdings.
      upswing has not only lasted longer than I guessed, it
      seems to be
      building momentum. So----you guys put on
      your crash helmets. I buy any more, rest assured it
      will shortly make a smoking hole in

      I honestly don't care whether we use TA,
      Fundamentals, Tea Leaves
      or Ouija Boards--none of this makes
      any sense. I have fallen back
      on the WAG method,
      and use everybody else's analysis as
      carrots to prop up my moves.

      Doglegs, I too have
      increased my consumption of all your vices,
      and even
      spice it with an occasional Black Jack and Branch
      Had to give up the chew several years ago. My better
      half allows
      as how nobody will get in her bed that
      has had stuff in their mouth that looks like it came
      out of a Mule's Ass. For the sake
      of Marital Bliss
      and all that rot, you know? T34 B

      • 2 Replies to T34B
      • Been layin' up in South FL lately.

        Sun an
        Fun and Points beyond.

        Aint checked stocks and
        boards for a week....

        Sommbitch, What

        And to you, T34, since I hauled out more Black Jack
        outta' country, after leavin' EAA's tender care, than I
        brought in, should I not be elegibile for som kinda'
        customs refund?


      • Taking into consideration that damn near every
        stock I've put money in, in the past generally sits
        there and trades sideways or goes in the hole, and
        hearing you and others are pondering more PKD on monday,
        HERES THE DEAL.I'll sell my PKD and turn it into
        NBR,then you go ahead and buy more PKD.The NBR play will
        see doglegs is on the bandwagon (thus having a
        negative effect on NBR)driving NBR stock down into
        complete oblivian.PKD will see doglegs is out of the PKD
        play(thus having a positive effect on PKD)driving PKD stock
        "UP" into complete oblivian.I will then buy back some
        PKD stock under the cover and protection of my wifes
        name and join in on the upride.Just think about it,
        maybe after about 6 mos of total caos within NBR,
        Parker could probably buy them out for a song and a

        Back to basics> PKD came out ahead on my list of
        drilling contractors today.
        PKD 10.71%
        NBR 7.91%
        SDC 4.03%

        Later: doglegs

2.18+0.02(+0.93%)Aug 26 4:02 PMEDT