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Parker Drilling Co. Message Board

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  • manboking manboking May 3, 1999 8:44 PM Flag

    PKD closes higher 2

    EZgreen....we are close to the average, 20+-
    2.00, the low prices of 98' are at the extreme of the
    range, much like 80' was on the high end at 45.00.

    Neither high or low is healthy, since growth demand for
    oil is rather inelastic (2.5 % a year).
    PKD is
    headed for 4.50 and later to 6.00, since all we are
    doing is correcting low prices.
    Hint: it was a "buy
    back at 12.00 on October 97'.

    • EZGreen...forgot to mention here is a neat site
      for your point and figure charts:
      This eassy to read charts have been very accurate for
      all indications are we will test the
      resistance at 4.50 "today". To be on the safe side go ahead
      and place your order for a new VW Beatle, in case
      Khann's "Death Spiral" gets a hold of PKD.

2.04-0.050(-2.39%)Jul 27 4:02 PMEDT