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

To: SliderOnTheBlack who wrote (75934)	10/10/2000 4:05:30 PM
From: ldo79	Respond to of 95453

A little more pressure applied! This update from our Houston, TX editors 19:39 GMT Oil & Gas News: Top Story Venezuela Oil Workers Declare Nationwide Strike CARACAS, Oct 10 (AP) - Venezuela's largest oil labor union on Tuesday called a 24-hour nationwide strike for Wednesday to protest the state oil monopoly's refusal to grant salary demands by workers. slb.com Regards

To: SliderOnTheBlack who wrote (75934)	10/10/2000 4:10:25 PM
From: Think4Yourself	Respond to of 95453

Don't own those but I see and agree with your point. I own: TMR: 7 11/16 vs 7 13/16 MND: 48 3/4 vs 50 1/2 XTO: 20 13/16 vs 21 KP: 22 15/16 vs 25 CRK: 11 7/8 vs 13 1/8 EOG: 40 5/8 vs 40 7/8 ROIL: 9 3/8 vs 10 3/4 EEE: 2.60 vs 2.87 I have others but these are my major holdings, especially the first 5 who sell most or all of their production unhedged. Guess it just goes to show that it has become a stock pickers market in energy.

To: SliderOnTheBlack who wrote (75934)	10/10/2000 4:12:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

LUCENT WARNS - dive, dive, dive..... Yowser... Sorry; but I'm margined leveraged a bit; with 50% oils & 100% gold here with a few Tech shorts; into some margin waiting for at least a Dead Cat Bounce for my XAU/Golds - so excuse my inane babbling & cheering for a Tech implosion.... I've had to sit with my trigger finger on my sell stop limits on my Gold/XAU margin leverage with one tighly puckered you know what.... knowing my Gold/XAU bounce is comin' - just knowin it (VBG)... Thank you Lucent; who's next ? How about Yahoo hitting the numbers; but lowering guidance - please, pretty please... Maybe Motorola missing it's 6% margin benchmark for handsets ? I know the trigger to the trap-door is out there...maybe it will be biotech - a double top chart implosion just waiting to get taken down hard imo.

To: SliderOnTheBlack who wrote (75934)	10/10/2000 4:12:40 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

Lucent warns... Granted they've been misguiding analysts for some time now, but this is a HUGE miss. Stock is down 6 after hours. I thought it was reasonably valued at 30...shows what I know about tech stocks. Glad I wasn't in at the time. Had traded it a few days ago for small gains and small losses. --------------------------------------------------- Lucent issues warning 4:06 p ET Lucent said it expects earnings for its fourth fiscal quarter of 2000 to be lower than the company's previously announced guidance. The company expects pro forma earnings per share from continuing operations for the quarter, which ended September 30, 2000, to be in the range of 17 cents to 18 cents per share compared to 24 cents for the year-ago quarter.

To: SliderOnTheBlack who wrote (75934)	10/10/2000 4:27:03 PM
From: rolatzi	Respond to of 95453

Does anyone think that Energy will hold up if market tanks? If there is a melt down, the energy sector will be reevaluated downward. This is October after all and the anniversary of the most serious market meltdowns. If nasdaq drops seriously below support here, the break down will be heard around the world. This will then have a serious effect on world wide demand for energy. Perhaps we will satisfy the demand for energy this winter by decreasing demand since it is apparent that we are at our limit of supply. This may be the administration's newest strategy to bring supply and demand of oil products into balance <ggg>. I am concerned about both my E&P as well as my drilling and service stocks. i would also be concerned about gold if I held any. I have tried to trade gold in the past and it always moves too quickly for me as momentum plays. I also lost money on gold stocks during the melt down of 1987. Gold stocks moved south along with everything else. I would consider buying options on euros at this point but I haven't been able to find them (any help from anyone on this?. I have been taking profits for the last two weeks on my energy holdings and nothing in the over all market has stopped me from continuing. I will come back to energy if the market stabilizes or if it is clear that energy will not follow the rest of the market down the tubes. We can always buy the dips. I am only holding on to those shares that are undervalued because of cash flow problems over the last year and those which are close to long term (1 year holds). The next few days and weeks will be rather crucial IMHO. Rolatzi