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: The Ox who wrote (31322)	11/1/1998 12:57:00 PM
From: Lucretius	Read Replies (2) of 95453

DRILLERS: long time no see. I thought you might be interested in some good news. My work as well as input from my industry sources suggest we will see a bottom within a couple months. My original target was for a bottom during August-Sept, and while we did get a nice bounce from there. IMO, that was not the bottom (it was close) Anyone who bought there should probably just hold. Anyone who has bought in the last week or so, should probably sell. Unfortunately, I think the drillers will likely see at least 50% to 80% losses from here till the ultimate bottom. Good Luck! -Lucretius

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