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Gold/Mining/Energy : Drill-Quip [ DRQ ] - oil drilling equipment ipo -- Ignore unavailable to you. Want to Upgrade?

To: giddy guru who wrote (82)	11/17/1997 8:17:00 AM
From: ron forgus	Read Replies (1) \| Respond to of 121

InsiderTrader... Summary DRQ INSIDER BUYING Form 4 Purchases filed with the SEC during the week of 11/14/97. Sorted alphabetically to better follow present investments. Company Ticker Dollar Value of Purchases # of Shares Bought # of Insiders Buying - Relation To Company Purchase DRIL-QUIP DRQ 272,480 8,300 4 - D,D,C,D 10/23/97 32.25

To: giddy guru who wrote (82)	11/18/1997 5:38:00 PM
From: Michael P. Michaud	Read Replies (1) \| Respond to of 121

Hi giddy, Thanks for your question re: currency fluctuations. I have no doubt the Korean won may may fall to 1200 to 1 us dollar, which represents about a 20% devaluation. This should, in theory affect ADR's of Korean companies. Growth may slow to 4% in ASIA, aslo bearish. There is blood in the streets, and a good contrarian move may be to buy (which I have done). I look to buy growth at a reasonable price and by all measures PKH and SKM are severely undervalued at current prices. SKM, for example has about the same growth rate as DRQ (30% annually) yet it's PE is 11. At some point things will turn around, maybe a year or two. I hope DRQ will turn around as well!!! Mike