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 direction.
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, EZ.
Having my nightly fight with Yahoo. This is the second time I've tried to get a post up.
I 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. This 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 the ground.
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 dangling 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 Water. 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
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 dance!!
Back to basics> PKD came out ahead on my list of drilling contractors today. PKD 10.71% FLC 10.29% NBR 7.91% SDC 4.03%