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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
UFAB 2.580+0.8%12:06 PM EDT

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To: Brian who wrote (323)6/25/1999 9:29:00 AM
From: Roebear  Read Replies (1) of 337
 
Brian,
The question is how hard will UFAB fall? If it holds 8 or perhaps 7 1/2 it has a very nice inverse H&S on its chart with a target of 24-27. Would guess 6-18 months to get there. Has all the bad news been factored in now that earnings are out?
This is a long term hold for me but I have a rule with delayed earnings releases with no news or explanation - cut holdings, so I did by 2/3. Normally I cut 50% but they never returned my phone call so I upped it to 2/3 (with a small profit) <VBG>.
I'm seeing gap support under yesterdays levels.

Lake Charles facility obviously important to their future, anyone have any news or opinions on it?

Roebear
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