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

To: Think4Yourself who wrote (51879)	9/25/1999 8:25:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 95453

John: When I was based in Dubai, working for Brown & Root back in 1995, the Iraqi's were interested in talking to us, but we were prevented from doing so by the US government. INO, I don't believe that their continued desire to talk to US firms is indicative of their infrastructure collapsing. JMHO. Razor

To: Think4Yourself who wrote (51879)	9/26/1999 8:42:00 PM
From: Winkman777	Respond to of 95453

IRAQ is finally wising up. Negotiating with U.S. oil companies and making some deals could help them get sanctions lifted. I can envision Sen. KB Hutchinson maneuvering in the Senate to help Saddam and friends. She has been quite successful in allowing the continuance of oil company larceny, i.e. paying considerably less than fair market value for oil taken from Federal (read "our") lands. I'm holding about 60% cash, unfortunately bought back all FSESX positions. Thinking at the time that I was quite clever buying back for 4 to 5% less. The overall market scared me, so I lightened up - thank goodness. I have lost no sleep because of recent correction. JQP: Is it worth it, being heavily margined and holding only 3 stocks. I've had a margin account and never used it. I'm content with the 50% to 175% increases in my accounts in the last year. I don't trade, just sit, read, watch and wait for roadkill. IMHO everything was going too (abnormally) well when DJI peaked out at 11k+. And still no major bad news has appeared, just a return to more normal conditions. My biggest concern at this time is impending inflation due to not just higher energy prices but also much higher prices for imports, due to the falling (back to normal) dollar. The tremendous trade deficit has been around for a long time, and has only recently put further pressure on the dollar. For you long termers holding recent losses, sell only if it will help you sleep better. IMHO if oil stays in the 20's and we have a normal winter, boom 2000 will happen. FWIW I'm old enough to have learned the benefit of being scared at irrational stock peaks and being calm and ready with cash in irrational panics. Like many of you, I appreciate a letup in Slidermania. Again a return to normality. Take care all, ;-)man