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

To: Gary Burton who wrote (56243)	12/6/1999 11:46:00 PM
From: articwarrior	Respond to of 95453

Gary The Elliott Wave is but one tool in a box to analyze and attempt to predict the swings of the market. I must agree that your EW has been fairly accurate in swings. Common sense is also a good tool and my common sense says the following #1 The earnings of these companies are just fantastic #2 Next month when earnings start these prices we now see will be a dot in the mirror. #3 The valuation of GLBL, OEI, CRK, UPR, UNT, TMAR, FLC has increased at least 3 fold from March - Jun of this year. Now think about this... (a.) CAPX budget increase 50 % + (b.) debt paid off + (c.) positive earnings = (d.) higher stock prices There how bout that formula....Arctic takes his stand today and says sometimes you have to go with the valuations and fundamentals vs the technicals. Falling Knife(VBG)...Not on your life we are at the bottom here for the stocks I named...Yeah I know what if OPEC blows it...Yeah OK what if IRAQ starts pumping...What if's make the world go round but the facts are every day that a company pumps oil they get 20 plus dollars a barrel...Now add this up and revalue the service sector and what do you get? Drill Hard Ride Deep and hang on Baby; She's going to Buck! Good Trading Arcticwarrior