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: Bazmataz who wrote (9867)	1/27/1998 5:11:00 PM
From: bw	Read Replies (1) of 95453

Barry: I've been trading the drillers so far in '98 with little luck, mainly because of over-caution on my part. Probably representative of many in this sector now; there is always the concern that the bottom is going to drop out again...at any time. This does not make for a very comfortable earning environment for those that are participating in the mass anxiety attack that has overcome the sector over the last 4 months. I don't really like to post all my transactions..due to the overabundance of posts here and my aversion to that most unfavorite of pies---humble All in cash now. I've traded about $600k of drillers so far this month..all day-trades & long transactions, and am down a few $s for the effort. Nothing too bad, and after coming out 25% ahead in '97 on the sector, this helps too.

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