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: John Carpenter who wrote (5646)	12/18/1997 6:29:00 PM
From: Alias Shrugged	Read Replies (1) of 95453

Heard many times on CNBC today that analysts and strategists have finally focused on 1998 corporate earnings and (surprise, surprise), maybe some of these sectors aren't going to increase profits in 1998 by 10%, 15% or 20%. In fact, gee whiz, many sectors/companies will have flat or down earnings. This is good. Maybe they will recognize that our sector has their earnings LOCKED for 1998. This sector will look better and better as we near reporting season. Anyone heard of any of our stocks "pre-warning" on earnings? We've already been taken out and shot (at least twice) - what more can happen? All of Wall Street has peed on our sector! As they move money out of the now-perceived weaker sectors, where will that money flow? I wouldn't be surpised if we just drift until 1/1/98. Mike

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