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

To: Thean who wrote (3408)	11/20/1997 9:14:00 PM
From: JGreg	Read Replies (3) \| Respond to of 95453

Do others find it interesting as I do that we're not talking fundamentals anymore? Read the last 200 posts and the focus of discussion has completely changed. We used to discuss rigs coming on line, who's moving from shallow to deep, who's building drill ships, who's got debt and who doesn't, are day rates at replacement costs, etc. Now the task is analyzing all the nuances of the market and the reasoning of the fund managers. The fundamentals are no longer in question. Everbody knows where every rig is and what it's bringing in. Now the art of TA is the most important knowledge. It's amazing that a sector that has so much more money to earn is experiencing so much volatility. I know it's only a few weeks until fundamentals will again become important. Until then, I am learning much every day from the posts about TA and I thank all who share their skills and advice with us. It's a good thread with excellent contributions.

To: Thean who wrote (3408)	11/20/1997 9:39:00 PM
From: Nero	Read Replies (1) \| Respond to of 95453

"if one is willing to pull the trigger" Too often the opposite has been my problem. More like a child with a finger on Dillinger's hair trigger tommy gun. I'll try a little more discipline this time around. After picking up some bargains(hopefully) Wednesday I sat the day out with itchy fingers. Tommorrow another 5% of my drillers cash hoard goes to work. I bought a little RIG and MDCO on Wednesday which probably explains their action today. Generally fear would tell me "what's wrong with RIG"? Let's use my brain and buy some more tommorrow. Your post on RIG didn't sway me at all. I expect a so so day Friday, but I'll be back with another 5% Monday.