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

To: ItsAllCyclical who wrote (72747)	9/8/2000 4:38:42 PM
From: Tomas	Read Replies (1) \| Respond to of 95453

Service Sees Sector Surge - Hart's E&P September The turn in trend has occurred. Oil service company earnings will begin climbing sharply in the third and fourth quarters. We believe there is enough capacity to meet our projection for a 40% increase in activity, Daniel Pickering at Simmons & Co. International said See: eandpnet.com

To: ItsAllCyclical who wrote (72747)	9/8/2000 5:48:43 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

NASDAQ weakness will last for most of Sept and possibly part of Oct. At the rate the NASDAQ has gone down this month, it won't take long to hit a solid bottom. OT - Semis and AMAT: I follow the semis closely, FWIW. Here's my prediction. I think AMAT will make a nice double bottom by the end of Sept, early Oct to match the recent low made at the beginning of August. It will stop the lower lows at that time and reverse back up. The sentiment in the semi sector will hit another low later this month. That will be the time to consider shifting a few OSX profits into the SOX. I wouldn't be adding semi stocks right here unless there's a stock you don't mind averaging into. Keep in mind that over the past 40 years, the semiconductor industry has averaged 17% growth while the stock market returns have averaged in the 11% range (if my memory serves me). I don't agree with those who cry "tech bubble" loudly and point directly at the semi industry. There are many "tech" stocks that are extremely over priced but there really aren't that many in the semi cap equip sector. As a matter of fact, there are some terrific bargains in this sector at the moment but I believe the market is not through beating up this sector just yet. Above my opinion....sorry to get so far off topic.