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

To: Broken_Clock who wrote (3026)	11/17/1997 5:37:00 PM
From: bw	Read Replies (1) \| Respond to of 95453

To me, this is a good time to become fully invested in the drillers. Today..took positions in GLM and RB. Both these stocks are trading at below their bottom Bollinger bands, and both charts have formed a solid short-term "double bottom". The tensions are easing in Iraq, the Asian markets are recoverring, inflation is in check, bonds down around 6%, drillers recently out-of-favor...Oil is at +$20, and even down at $17 there was strength in the sector. GLM has the Vectorvest value at $63, and RB/FLC merger will be in coming weeks. I see a dip in end of year profit-taking, but there is going to be a good upside to test the highs before end of the year. Again, just an opinion..and I will "hold-em" in this environment for at least 4-6 weeks, unless things radically downturn & cut losses...Good Luck to all, especially those with MAVK [the "whipping-boy" of the oil service stocks!] <gg> relevant link..http://biz.yahoo.com/finance/971116/hyundai_heavy_wins_2_1.html ..this also shows that possibly US companies will take advantage of the lower costs in Asia, with recent strength of the dollar against those currencies that have recently tanked..