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: MARK BARGER who wrote (25382)	7/14/1998 1:08:00 PM
From: Jimbo Cobb	Read Replies (2) of 95453

from Cramer... Was it the vacation, or is this market just glad to see me? Tech, banks, and drugs all going higher -- it doesn't get any better than this. In the meantime, talking heads drone on about caution in the background and how dangerous everything is out there. Wake up and smell the Bokar. This is a tape that likes bad news and loves good news. Merck (NYSE:MRK - news) gets a shoo-in approval for some drug? Let's take it up a couple. Nothing bad happening at Microsoft (Nasdaq:MSFT - news) ? Let's give that a higher multiple. Things sounds just okay at Intel (Nasdaq:INTC - news) ? Heck, that's better than terrible -- let's expand the multiple. No preannouncements in hardware techland? Well, let's unleash the purse strings and put that money to work. Japan in disarray? Love disarray. Oil drillers announcing bad numbers? OK, we aren't that stupid. They still won't go up. There is dog food that even dogs won't eat.

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