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

To: Teddy who wrote (3413)	11/20/1997 9:40:00 PM
From: John Carpenter	Respond to of 95453

Regarding "something happens that changes the world," is the slowing of world economies a relevant risk or concern in the near future? The integrated oil companies seem very committed to spending on drilling right now, particularly for deep-water projects. Is the slowing of world economic growth pressaged by the troubles in Japan, Korea, Indonesia, Malaysia, Hong Kong etc. something that we should worry about?

To: Teddy who wrote (3413)	11/20/1997 9:59:00 PM
From: Jeffrey Beckman	Read Replies (2) \| Respond to of 95453

As of last night, VectorVest has most drillers and field service stocks listed as SELLs. The oil driller sector is now in postion 14, behind linen supplies and a number of banking and retail sectors. Bullish sign? I don't know, but I'm now thinking of going to "linens" for shorts(g). Also. my TC2000 machine showed strong BOP-buying (accumulation) today for UTI and GIFI. UTI went up, while GIFI only had a modest gain. Any idea as to what's holding it back? Jeff