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

To: JoeDi1213 who wrote (49237)	8/11/1999 8:56:00 PM
From: IndioBlues	Read Replies (1) \| Respond to of 95453

I agree Joe. I am thinking most of the drillers and service cos. are ripe for some profit taking for several reasons: (1) patch valuations exceeding patch fundamentals (does anyone seriously disagree with this?); (2)overbought technical oscillators; (3)beaten up techs starting to look like they have some life to the upside. We may not see the correction in the patch until we get a little closer to the 24th, but I think it will surely come once the street is well convinced that a hike is coming AND that the hike is priced in. Today's action may signal exactly that sentiment. We'll See. To Each his (or her, if you are Diana) own. Good Trading All. Bull, you do make a good argument.

To: JoeDi1213 who wrote (49237)	8/11/1999 9:42:00 PM
From: Harold S.	Read Replies (2) \| Respond to of 95453

Joe, Actually, <OIL> earnings estimates were revised up this morning in fact. <OIL> has 6$/share in cold hard cash and they are going to really fly as oil stays above $19 and the estimates keep going up. Many on this board have listed it as a great play and I really feel you can't go wrong at the current price of 12 1/2. I do agree with you that there will be dips and that is exactly why I took my huge profits on UTI and jumped into <OIL>. Congratulations and good luck to all the longs...it has been a long time coming.

To: JoeDi1213 who wrote (49237)	8/12/1999 10:37:00 AM
From: Big Dog	Respond to of 95453

By saying Boom 2000 I am not saying buy everything today. I agree, the sector appears to be over bought. My idea would be to leg in on weakness over the next 3-4 months. Everyone knows these stocks are hot for a few days, then fall back. The Wall Street Waltz - three steps forward and two steps back. I think the bias is clearly up from here but there will be a number of buying oppotunities at lower levels before Boom 2000 takes hold. I think a stock like KEG may in fact be a "gift" at these prices though. Their Boom has already begun. Welcome to the board... big atoffshore.com