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


To: Lucretius who wrote (2974)11/14/1997 2:02:00 PM
From: Czechsinthemail  Respond to of 95453
 
The fast money focus for today seems to be on the tech companies,which have been much more heavily oversold than the drilling and oilfield services and really were the main driver for the recent mini-panic. Once the rebound begins to pick up steam, the psychology shifts from fear to greed. I don't think it matters much whether the big buying comes back into the drillers today or next week. The fundamentals are so strong and the values so compelling, you will have bargain hunters swarming all over these companies and taking them back up to new highs.

Baird