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

To: JGreg who wrote (3129)	11/18/1997 9:50:00 PM
From: Lucretius	Respond to of 95453

Nice article on oil services in Fortune today. Good luck! -Lucretius

To: JGreg who wrote (3129)	11/19/1997 8:42:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Greg, I am holding MDCO because I see it as the most likely takeover candidate of the group.

To: JGreg who wrote (3129)	11/19/1997 9:22:00 AM
From: David Spruiell	Respond to of 95453

Hi Greg, I hold MDCO. I am in at $ 26 1/4 about 10 min. before the close on Tuesday. The average PE for the sector is around 25, MDCO has a PE of 26, so I felt that it was safer than some of the high PE equity. I was watching it Tuesday and the downward flow was not as steep as others. Seemed to show a bottom. Well that was yesterday, Today I will exit if (1) oil sector is sinking, (2) DOW down and (3) MDCO hits $25 1/2 (4) Crude falls below $20 I don't know anything about a takeover. I would not short at this level. Best luck David