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: NucTrader who wrote (24300)	6/17/1998 12:57:00 PM
From: Thomas J Pittman	Read Replies (1) of 95453

IMO, if you are a holder at these levels you should be. You have commodity equipment companies and a commodity whose price is going down over the forseeable term. Investors will trash this like yesterday's newspapers. Check out the semi-equipment companies. Check out the carnage that happens when commodity prices get obliterated. Do your analysis of these companies with your most pessimistic eye, and then lower your expectations. When that is what you see on the ticker, only then should you consider buying. All of the above is, of course, for investors. Traders should do whatever black magic that they do. J

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