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

To: SliderOnTheBlack who wrote (83289)	1/3/2001 11:27:55 AM
From: Mel Spivak	Respond to of 95453

Bullish deep water comments from CXIPY: Commenting on the outlook for 2001 for the subsea industry, Pierre Marie Valentin, Chairman and Chief Executive Officer of the CSO Group, stated: ``Given what we currently know of development planning in key markets, we believe that 2001 revenues for the subsea industry are likely to be up roughly 15% above 2000 revenues and could be in the range of $2.8 billion. Based on current indicators we believe that by 2002, revenues for the sector could exceed $3.2 billion, reaching levels last seen in 1998. Recent news of growth in E&P spending supports our anticipation that our sector will see strong tendering activity in 2001, auguring well for more opportunities to further build our backlog in 2001, which should result in stronger revenues and earnings in 2002 and, into 2003. Deepwater field developments are one of the most promising segments of the industry with spending on deepwater developments estimated to grow by 10% to 20% per year over the next 4 years. We are particularly well positioned to take advantage of the growth to come in deepwater areas given our rich experience and wide range of products and solutions that, throughout the life cycle of their developments, create value for our clients and ultimately our shareholders.``

To: SliderOnTheBlack who wrote (83289)	1/3/2001 11:59:36 AM
From: Warpfactor	Read Replies (1) \| Respond to of 95453

Re: CSCO investor psycology Just thinking out loud - noting various possibilities. After reviewing market sentiment (Bullish-Bearish) indicators and overbought/oversold tickers, I reasoned that odds swayed in the direction of a sizeable trading bounce for techs. However, noting the potential danger involved, I only committed a small amount of funds at this time. I think that yes, it is a little casino gambling, but I feel the dice are weighted in my favor at this point. However, I have the belief that the NASDAQ will ultimately trades well below 2000, as do you. I do not think that this will occur in a straight line however, and opportunities will present themselves for 20-25% pickups on both the long and the short side, though I've mitigated my tech short selling lately. I have jumped on these opportunities several times in the past eight months, doing much better flipping techs than with energy holdings. My main mistake has been getting out too soon, settling for 20% on the high-fliers when 50% could have been had. Not that I'm perfect, got slammed a few times, but still doing quite well with these quick hits. Gotta run. Job and all. Warp