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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SJS who wrote (30273)10/3/1998 1:20:00 AM
From: Seaworthy Lyric  Read Replies (1) of 95453
 
Steve,

I really like these companies and am waiting for the right time to get in....But it is my opinion that if the correction (bear market) continues they might go down even lower. Yet, at these prices, you are right, there are many intangibles that could drive them up short term.
I just don't think the reward risk ratio justifies a present position; yet if you are willing to weather the near term volatility there is a potful of gold at the end of the rainbow.

Sincerely,

Jerry
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