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: Tom L. French who wrote (3709)	11/24/1997 9:23:00 PM
From: PuddleGlum	of 95453

Tom- I own a lot of semiconductor stocks, and Fidelity began selling them about 2 1/2 years ago. What followed was a terrible blood bath that just wouldn't end. The fundamental situation may be different, with demand for the oil services possibly being more predictable and just basically stronger than the semis were 2 1/2 years ago, but the charts, news climate, and Fidelity's actions seem very comparable when comparing the two industries over the different time periods. I guess what I'm saying is that I don't expect Fidelity to jump back in any time soon. Just a note, I don't own any oil service stocks but I've been watching for awhile with dropped jaw at how much these buggers have climbed. I own one e&p stock (SFY). Steve

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