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: Angela who wrote (2117)	10/14/1997 1:59:00 PM
From: Kevin Scott	of 95453

The whole oil service sector is getting crunched today. My guess is some big fund decided to take the 60-70% profits before all his peers do, and when one starts another follows suit. It's big bucks for mutual funds to get their free publicity for pulling off 30%+ returns and beating the S&P. This seems to happen every year about this time, but seems to start a little earlier every year. My intentions are to buy oil service stocks on these dips until the end of next summer, when I will be able to get the lower cap gains tax rate for holding 18 months. Kevin

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