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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (3174)11/19/1997 4:25:00 PM
From: Michael Berkel  Read Replies (2) of 95453
 
Today's pattern: Gap down at the open. The entire sector goes down.
Some try to recover (NE) but got killed. By 15 minutes before the close, the whole sector is down down down..extending losses even further.
For example:
FGII opened at 36 1/2..closed at 32.75
CDG opened at 65........closed at 62
VRC opened at 56........closed at 52.25
RIG opened at 51 1/8....closed at 48 5/16
MDCO opened at 25 3/8...closed at 24 3/8
RON opened at 64 1/2....closed at 60 3/16

Please tell us what you envisage for tomorrow..expiration day!

Michael B.
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