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

To: Daniel James Williams who wrote (3012)	11/17/1997 8:48:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

FYI from today's RightLine Split Report: We expected the Oil Drillers sector to make a correction, but as I said on Thursday night I didn't expect it to last long due to the incredible strength demonstrated in virtually all of the earnings reports that have been released recently.ÿ Lately, the Drillers have consistently been strong even when the overall markets were weak.ÿ This past week though saw a bit of fear, uncertainty and doubt (FUD) emerge.ÿ Thursday rumors abounded that the sector was dead and buried.ÿ They were done, finished, too high to fast and now it was their turn to tank.ÿ This is perfect from our perspective.ÿ The sector needed to correct a notch or two as it has over the past weeks.ÿ Every stock, sector or group must pull back at some point in order to move higher.ÿ I am not saying throw caution to the wind, but this sector is likely to finish this year on an up note.ÿ There, I drew a line in the sand and made one forecast that isn't wishy washy.ÿ As long as we have some experts telling us the sector is washed up - I'm buying!