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

To: Crimson Ghost who wrote (49015)	8/8/1999 10:48:00 PM
From: IndioBlues	Read Replies (3) \| Respond to of 95453

I don't agree George. I see this as a headfake and I think we're going to correct. This runup has been impressive but the drillers and the service cos. are still too far away from real earnings rehab to justify the strength of the move. Look at HAL. Look at any company in the group (except FGI - which I am long naturally). Stochastics are peaking! Granted, many are trending up, but the divergence from trend lines suggests a sprint that can't be sustained without news and/or honest to goodness earnings growth. Don't see it coming. And I wouldn't count on a MoMo rush. I think a lot the Mo Mo money got clocked in the Nets and put out of business by margin clerks. Anyway, I thought I'd throw in my 2cents since every darn bull is weighing in <vbg> Good Trading.