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

To: Thean who wrote (2837)	11/10/1997 6:32:00 PM
From: Nancy	Read Replies (2) \| Respond to of 95453

Thean, I also observed the same happening. As for possible gulf war, I dont believe the market will react like last time - last time we were in a 3 month stretch of bear market starting sep/oct 1990 and market was down 20% when the war finally erupted. Market was on a depressed, undervalued situation. Currently, even with the decline, we are nowhere near fairvalued, let alone undervalued. I believe smart money are leaving the market to the sideline for the time being, hence volumes so low.

To: Thean who wrote (2837)	11/11/1997 10:25:00 AM
From: bw	Read Replies (1) \| Respond to of 95453

Thean..<<I'm keeping cash until better condition prevails. Hard to say which direction will the drillers move if a war is waged against Sadam. I don't think it is a gimme that all oil stocks will go up. I'm not even sure if the overall market is going to react like during the Gulf War. >> I agree with your post. Trying to day-trade the drillers successfully has become a real effort in the last few days, indicating that indeed a top has been formed for the sector short term. I represent the majority of small investors that buy low/sell high, and usually don't short and never do options...This morning sold last positions of MIND and NE. The low volume today could be partially responsible for the weakness, but things are getting shaky on the front lines...