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

To: dfloydr who wrote (48989)	8/6/1999 4:35:00 PM
From: Wowzer	Respond to of 95453

Dr. Russell not sure I understand your post, the big blocks look more like some institutions were buying today. Almost all the large blocks over 25k crossed at 25 11/16 or higher and as soon as these blocks stopped around 10:40am the price started drifting down. Until it hit massive support at 25 and ended up with a strong close. Anyway here a little news from CBS market watch, lets all light a fire under GIFI!!! Have a great weekend every one!!! I am outta here.... Rory Mutual Understanding Energy funds rise above the fray By Craig Tolliver, CBS MarketWatch Last Update: 4:12 PM ET Aug 6, 1999 Fund Alerts! Mutual Fund Center As the broad markets tumbled during the past week, one sector was able to rise above the fray: energy funds. In fact, they are not only top performers this week but are among the top perfumeries this calendar year. Preliminary returns From Lipper Inc. show natural-resources and gold funds to be the only equity groups to post positive returns in the week; they're up 3.8 percent and 3.1 percent, respectively. The story is very different on a year-to-date basis, however, with natural-resources funds gaining 36 percent so far this year and gold funds off 4 percent. Fidelity Select Energy is the top performer for the seven-day period through Thursday, with a one-week gain of 6.4 percent. The fund also boasts a year-to-date return of 67 percent. Tom Thurlow of the Thurlow Growth Fund, a diversified fund employing both value and momentum strategies, implied he may be beefing up his stake in energy soon. "As far as energy service, I'm still impressed with Halliburton (HAL: news, msgs). The share price is not really on a tear right now, but this is a good company in a sector that I think is in a nice up trend right now," explained Thurlow. "There are probably a couple others in that general sector to consider. I don't own them right now, but I'm looking at Diamond Offshore (DO: news, msgs) and Gulf Island Fabrication (GIFI: news, msgs). They're both involved in the offshore drilling industry, and as oil goes up that's the first part of the energy sector, service sector, to go up."