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

To: Thean who wrote (3354)	11/20/1997 12:22:00 PM
From: Velocipher.	Read Replies (1) \| Respond to of 95453

I think the 2:00 conference will bring in the buy volume to hold the gains into the close. Today is becoming less important IMO, tomorrow's follow through or lack there of will tell the tale. Of course, if you're not in today, and there is a follow through you would have missed a possible bottom. Just another example as to why calling a bottom is a crapshoot at best most of the time. Best strategy? Begin buying when lower BB is approached and then average down till turnaround begins. This has always worked for me as long as the fundamentals of the sector or stock are intact. Greg

To: Thean who wrote (3354)	11/20/1997 12:26:00 PM
From: HH	Read Replies (1) \| Respond to of 95453

Thean, I am still concerned about another shock. Check this out: marketgauge.com With specialist so short and members short it looks ominous for everything. HH

To: Thean who wrote (3354)	11/20/1997 12:40:00 PM
From: Big Dog	Respond to of 95453

Hot topic list? What's that. The only place I ever go to on SI is here. Why bother with anything else? My bookmark takes me straight here and I don't wander. Lunch time is underway and we are holding up pretty good....that is a good sign. When the full tummies come back maybe they will decide to buy a little. I have some MIND and FGII I bought yesterday that I hope to sell this PM (at higher prices than now, of course). On the price of oil -- no longer is the actual price of oil as critical as before. The buzz word today is the DECOUPLING of profits from oil prices. It doesn't matter what oil sells for as long as there is a margin between production costs and selling price. Technology has decreased production costs and therefore enhanced margin. Of course higher selling price means higher profits -- but oil companies can make VERY nice money at lower oil prices today than they could have a few years ago. One of the big things that has cut production costs is improved success rates with wildcats. Dryhole costs are HUGE -- witness SOHIO years ago who lost ONE BILLION dollars on a single dry hole in the Beaufort Sea...it takes a bunch of tanks of gas in the pickup to make up that kind of loss for an oil company. So if they don't have losses like that, or those losses are minimized, then the savings go straight to profit. Again, all I know FOR SURE is that FGII and other such companies are making extreme amounts of money and will continue to do so for the forseeable future...what the stocks do -- who knows. But these companies aren't just "wishing" for more moeny, they are ACTUALLY putting it in the bank. Back to screen...BTW for anyone interested in real time quotes, I use Interquote interquote.com They are about $80 a month and provide real time info for all exchanges and options etc. They other offerings in case you dont want dynamic real time...they have static real time which is cheaper. Check 'em out. I have used them for 2 yrs and the service is great.

To: Thean who wrote (3354)	11/20/1997 1:09:00 PM
From: SJS	Respond to of 95453

Thean, We've got a bunch of cool people here. Curteous, intelligent and willing to share what they know. Let's keep it that way. Making the "Top 10 List" invites all kind of self-serving folks. Regards and REALLY thanks for all your hard work. Steve