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

To: The Ox who wrote (60242)	2/14/2000 10:10:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I'm not falling for it. Just watching my margin usage fall as stock prices go up. Still looking to lighten up a bit, but I want to wait until I hear calls like "This is the last time to catch the bottom", or "prices not likely to be this low again" before I start selling. Ain't hearing it yet. We appear to be in the transition period between fear and greed right now. OT: Anyone been watching HRC? Looked like a concerted effort to drive it below $5 failed miserably as a fund stepped in and sucked up a snotload of shares late last week. $5 1/2 now.

To: The Ox who wrote (60242)	2/14/2000 11:29:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Michael: Obvioulsy SUSTAINED higher oil prices are good for the industry. But if people perceive a big runnup to be an unsustainable bubble, then the stocks ain't going to respond. Oil equities will do much better with $22 crude if people think that is sustainble than at $30 oil if everybody is expecting a huge drop in the near future. Of course if crude comes down too far -- say $18 -- that will be bad for the stocks also. BTW, the futures markets have crude down to the low 20s by next fall.