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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Perfect Hedge who wrote (4000)11/30/1997 4:05:00 PM
From: james paterson  Read Replies (3) of 95453
 
We've had 4 major negatives impact our oil drilling & sevice stocks in the last couple months:
* Severely weakened economies in all of asia --now spread to latin america.
* More oil to be sold by iraq.
* More oil to be sold by opec.
* El nino.
I sold 1/2 my PDS after the little run up last week & will probably unload the rest tomorrow. Most of us made the biggest dumbest mistake in investing. We failed to heed the most important investment advice----NEWS FOLLOWS PRICE.

James
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