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

To: marc chatman who wrote (52640)	10/8/1999 11:04:00 AM
From: Think4Yourself	Respond to of 95453

Thanks, but it was mostly luck. Felt the EnP's were way underpriced and the DRW conference seemed like an ideal time to sell the drillers. I had hoped for a lot of hype-induced buying during the conference. Was truly amazed that the news out of the conference was negative but the buying spree occurred anyways!

To: marc chatman who wrote (52640)	10/8/1999 3:43:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

I don't mean to rain on the turnaround parade, but the weak close (so far) and moderate volume suggest that today was not a capitulation and resuscitation, but just some bargain hunting and short covering. In fact, we have seen days during this decline with bigger bounces, where the bounces didn't hold. VTS, which I hold, appears to be doing its best imitation of FGI. does anyone have a technical analysis read on this? Is it headed for new lows? I am very close to dumping it.