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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (10019)1/28/1998 5:04:00 PM
From: Flan  Read Replies (2) of 95453
 
Another great day - Oil up .33 now back over $17 ( although probably due to Iraq and short covering) DOW up 100 for the second straight day and yes once again my basket of five service stocks were all down and one DPSI hit a new low - When you think it can't get any worse well it does - When will the selling end and some buyers appear - Soon I hope or Charles Schwab will have to take my computer after a margin call. Any ideas why this sector can't seem to find support - are there legitamate rumors about a slowdown??? somebody give me something to hold on to - First it was profit taking, then momentum mututal fund selling, then asia, then the price of oil, E&P cutbacks, then tax loss selling - Well there is not much left but somehow my portfolio cannot find a bottom...... it is now lower than the crude in the gulf of mexico
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