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

To: The Perfect Hedge who wrote (3080)	11/18/1997 4:28:00 PM
From: BILLYJEANNE	Read Replies (1) \| Respond to of 95453

Im amazed. Two weeks ago everybody in the world was praising oil drilling and service stocks, 2-5 years upside, etc etc etc. In 14 days the whole sector their fundamentals and all the previous analysis have turned completely around. Just a bunch of followers hoping the first negative comments were right!

To: The Perfect Hedge who wrote (3080)	11/18/1997 4:28:00 PM
From: Velocipher.	Read Replies (1) \| Respond to of 95453

All Bollinger talked about was the difference between the trends in oil prices vs that of the oil stocks. Concluding that this divergence likely means that all these stocks are overvalued. Obviously, we know that this divergence has resulted from technological advancements leading to lower costs of production, he failed to mention this of course! The average uninformed person would just assume by his comments that this has resulted as a result of exuberant speculation and momentum. Isn't it amazing how the misinformation just continues to flood in adding fuel to the fire! It only adds to my suspicion that many times these things are well orchestrated.(my opinion only). Greg