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: Broken_Clock who wrote (32870)	12/16/1998 8:01:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Papaya man; ''...hard to see much upside in their near term future.'' ? ...with 2 run ups of 30-50-75% here and many, many 15% one day moves in individual stocks; in light of the confluence of events this week alone - you don't see much upside nearterm<VBG> ? Here is a ''handicapping'' quickie: fwiw... short covering = + 10-15% Iraq bombing +10% further OPEC cuts +10% nationwide cold front + 5 % Clinton not impeached + 7 % Brent moving to $12 +7% __________________________________ total OSX rally potential = +49% to +54% and "Vegas" odds are now 3:1 ...want some of this action ....<VBG>? hey; I haven't even factored in sector rotation in light of the over valued - now declining over all market, or most importantly the tax loss selling - re-buying ! PS may be time to buy Russia; Lukoil anyone ? --- the bottom ie: Oil for condo's ? ERCA's recent ''deal'' -WATER BOTTLING AND PURIFICATION FACILITY, Nizhny Novgorod, Russia: Due to the ongoing economic crisis, and the continuing free-fall of the Ruble in Russia with no end in sight, the company has taken advantage of an opportunity to exchange its interest in the Joint Venture in Nizhny Novgorod, Russia for real property consisting of two new beach front condominiums in North Miami Beach, Florida. This property is in an upscale area of the beach. It is the intention of the company to immediately and vigorously market this real property in order to realize the substantial equity available in both condominiums.

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