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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 (3341)	11/20/1997 12:01:00 PM
From: Velocipher.	Respond to of 95453

I think this rally will hold in the sense of setting the stage for a two to three week basing period in maybe a 5% range or so. I would only stick to those that have not broken below the Oct. lows like FGII,NE. If you remember FGII fell from a high of 41 1/2 down to the 25's, this time it has fallen from 48 down to the 32's at the low, almost exactly the same point loss from top to bottom. Also alot of these valuations are identical, someone posted about this yesterday, this proves to me that the market is yet to differentiate between these companies, as evidenced by the little episode on CNBC this morning over the differentiating between oil service and drillers. This will continue to present oppurtunities in certain stocks when these periodic collapses occur.