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: RGinPG who wrote (30679)	10/13/1998 6:44:00 PM
From: marc chatman	Read Replies (2) of 95453

Put me in the camp that feels the OSX was miserable today and is likely to make new lows. I don't think it's going anywhere without SLB, and SLB was the leader to the downside. Of course, oil was down again. As for FGII, I saw a message on the YHOO board referring to a downgrade (didn't say who or when), which could account for the sell-off on volume. But, I can't find any news of a downgrade, and I don't know whether the message has any credibility. I do think FGII may miss its number due to the hurricane, but the price now is ridiculous even if it does miss.

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