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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (47050)	6/29/1999 6:03:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

I did some more modest buying of FSESX today, but have not gone "all out." Additional pullbacks would not surprise me, but anybody waitng for OSX 66 could well miss the boat big time.

To: BigBull who wrote (47050)	6/29/1999 6:04:00 PM
From: ChanceIs	Respond to of 95453

China Stiffs Apache biz.yahoo.com Separately, three E&P announce '99 capital increases this week: Apache, Anadarko and Coastal - not bad.

To: BigBull who wrote (47050)	6/29/1999 6:14:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

Bull I think better than decent. Gas and dist both made their number but I think the market will focus on the crude number with analysts again far off the mark. One number I liked is the crude excluding PADD 5 of - 2.2M. So PADD 5 went up 1.7M. Big deal. The West coast oil bidness is a marketing world of its own with litle imported crude. Could be one additional supertanker makes the journey from Valdez to the Port of LA based on tanker schedules set months ago. Means nothing. PADD 5 demand and refinery utilization both up. I think we are in the sweet spot here with vacation driving starting in earnest this week and OPEC likely to report solid numbers for June. Market seems to agree with crude/gas/dist up nicely afterhours. John

To: BigBull who wrote (47050)	6/29/1999 10:11:00 PM
From: double-plus-good	Read Replies (3) \| Respond to of 95453

big bull, big dog and all the petro services pups i've finally got me some religion and signed up for some full si privileges. i've been lurking in these parts for about eight months, time enough to witness alot of anguished teeth grinding, bullish war whoops, silly backbiting and some excellent commentary and insight. the strictly drilling board has been a helluva resource for me, especially when i need to get a quick read on the sector from my rural outpost in thailand (where server time doesn't exactly come cheap.) so hats off to all of y'all and keep up the good work. i also got some new religion today on the subject of TA. after all of gary's very bearish reads on the subject of the osx correction, i spent the day poring over charts and decided that most of the osx stocks were about to crossover their moving averages to the downside. i was looking at iq.com daily java charts and stos for ne, cam, vts, pgo and the other usual subjects. accordingly i spent the last half hour dumping half positions in vts, pgo, ufab and gifi. now i'm looking at the charts and cursing as the strong latterday buying seems to suggest that most of the stocks followed closely here are bouncing off those averages and that we're headed for a gap up tomorrow and perhaps the next major leg up in the rally. i'd love to hear some TA opinions on this subject. was i reading the charts badly or was it a hinge point that i guessed wrong on. i don't know about anyone else but i hate to go in buying the day after i have sold off something, doubly so if i get whipsawed in the process. i'm especially pissed at selling off vts, which i have traded almost perfectly to this point. i have to admit that gary has seemed eerily prescient with his osx calls and i may have let his view color my reading of the charts. one other question if anyone cares to take it up. i have made pretty good money trading in iir, a stock which is never mentioned here. they announced about 2 months ago they were in talks to be acquired. some rumors had it that the interested party was wft, although their subsequent purchase of dailey makes that seem unlikely. there has been no mention of it since and the situation has me wondering whether to blow out my position on the next bump up. anyone have any thoughts or opinions about the situation? TIA brian