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

To: Fitz who wrote (67588)	6/5/2000 1:49:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Fitz, the key to me for ALL the big cap service companies is SLB. SLB has been trading sideways in a wide range for a month or so. If it continues to hold that 70ish area and rally the others probably will too. I am not to thrilled about BJS, SII, and the other service companies that hit the old '97 high and pulled back with a vengeance. FLC is about as far out in mid to big cap land as I'm willing to go right now. FLC is still quite a bit away from the '97 highs, which is why I'm willing to dip my toe in. Staying almost exclusively with smaller cap laggards that seem to be completing bottoming formations, rather than highly extended stocks that are working off very strong runs. Laggard drillers, fabs, and construction are my mantra now. These kinds of stocks can still rally very strongly even if the big cappers trade sideways or are in the process of making a top. IMO SLB holds the key. Sideways consolidation or intermediate top. That's what's being decided here in the SLOB today. It's almost 2:00 so far so good. Still touch and go. IMO BJS, and SII will meet some sellers up at the 50 dma if they rally up there.