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Parker Drilling Co. Message Board

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  • manboking manboking May 21, 1999 10:34 AM Flag

    Take a look at EEE news. EOM

    KRK...thank you for your brilliant T.A. on PKD

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    • For now, the bear still remains in control of the
      short and intermediate term trends, but there are signs
      of fatigue building. It is difficult to call the
      bottom precisely, so a little caution is advised. There
      is an old Wall Street adage: the tired black hole
      become the brightest supernovae. Logically, I am not in
      the least worried, so long as PKD remains above
      $3.125.

      Even though the short term weakness trend
      is strengthening, it is interesting that the key
      Himmelfarb oscillator is not confirming this trend. This can
      also be seen by examining the Westerby Elliptical
      Transcillitator. My own long-range momentum oscillator, the
      Khan-Mobius Bridge Oscillator, is sending a buy signal. (I
      remind readers, a loss of momentum is not necessarily a
      reason to sell but is rather a short-term warning
      flag.)

      I remain upbeat and expect PKD to at least
      quintuple by the end of the
      year.

      Peace,

      Khalid R. Khan

 
PKD
2.17+0.06(+2.84%)Sep 30 4:02 PMEDT