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

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To: Big Dog who wrote (30256)10/5/1998 10:43:00 AM
From: RGinPG  Read Replies (1) of 95453
 
Completely unsubstantiated rumor:
Big Dog, thought you might have some thoughts about this. I was at church yesterday (believe it or not) and was talking to two of my friends in the oil bidness. I was telling the one works at EVI-Weatherford that it looked like it may be time to get back into these stocks again soon. He got all animated and said, "NO!, don't, it's going to get worse before it gets better. Just wait. I would wait." Now this guy tends to be a little brash and talks before he thinks. He was pessimistic to say the least, but he was also incredibly optimistic 4 to 5 mths ago saying it was a great time to buy (when actually it would have been a great time to sell). My friend at Freide Goldman was standing right next to him while he was saying all this and looked perturbed at his EVI friend.

But I'm wondering, with this much pessimism at these companies maybe the end is behind us. After all, things do look the worst just before the dawn right?

osxstocks.com
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