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Microcap & Penny Stocks : GW GREY WOLF -- Ignore unavailable to you. Want to Upgrade?

To: Mayank Tandon who wrote (65)	11/25/1997 1:07:00 PM
From: Mayank Tandon	Read Replies (1) \| Respond to of 444

What the hell is going on? I don't understand the reason behind this slump (could it be due to next week's OPEC meeting - increase in output by Saudi Arabia - falling oil prices - lower demand for oil from Asia-Pac, etc.). Any information will be appreciated. The fundamentals for the drillers haven't deterioted at all but the stocks are sliding nevertheless (E&P is growing - several E&P companies have gone on record and said that - the direct beneficiaries of which should be the drillers). An opportunity to average down? What say people? Regards, Mayank