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: Matthew Scott Davis who wrote (9727)	1/26/1998 12:28:00 PM
From: bw	Read Replies (3) of 95453

The pattern among sector stocks has been small runups before positive earnings, and then a selling into the news. Nothing new here...The boat sector will continue to probably underperform the drillers due to lesser replacement costs for new-builds. Maybe the market is reacting to a false impression that the OPEC meeting in Vienna today would bring results. The Saudis were never scheduled to attend..thus little progress seems possible on that front. Hang in there..I think that intraday lows do not a bear market make..At least not yet!

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