Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bazmataz who wrote (18980)	4/14/1998 12:41:00 PM
From: waverider	Read Replies (1) of 95453

Folks, there were some big purchases on the ask side for GLM this morning...10,000 share blocks. So a few people found the report to their liking. As far as the market action today is concerned, I think this quarter has already been reflected in our prices. Earnings were cut, so far no surprises, oil is hanging out around $15, and the market is focused on internet stocks. Until we get some real upside surprises coupled with very upbeat conference calls, this next two weeks might be rather boring to all of our disappointment. It may take some time for the market to feel comfortable jumping in again to our sector. Of course all this is just an opinion. It does give me some comfort to be in an undervalued sector when everything is so overpriced, but that is the only reward value investors often get until... ...the lemmings start jumping aboard. Being ahead of your time has both costs and rewards.

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