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

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To: Broken_Clock who wrote (23202)6/1/1998 7:32:00 PM
From: Timelord  Read Replies (2) of 95453
 
PK - I didn't investigate this when I first read it, but I seem to recall some discussion about it on this thread long, long ago.

Subject 20887

I assume the analysts have this in their earnings forecast, but you know what they say about assuming...

I've narrowed my focus down to RIG and FGII, with CDG for very S/T trades, but I want some leadership from oil first.

Diamond has the same sentiment that I do about earnings - even with a bounce from OPEC, there's a lot of potential bad news out there. You know any signs of weakening fundamentals will just fuel the short selling. Those canyons in January and March are very scary looking right now. Hate to sound like doom and gloom, but it pays to plan ahead. After you jump out of the airplane is a bad time to remember your parachute.

Alex
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