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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Flugum who wrote (516)	11/21/1997 5:57:00 AM
From: arizona_ice_tea	Read Replies (1) \| Respond to of 2282

Comment about oil drillers from Prudential-Bache Here ist the article: "This group has experienced a major correction in spite of strong fundamentals. Much of the selling has come from the portfolio managers, with the best performers of 1997 now the worst hit. The managers give two reason for their sales: 1. This sector due to it's exceptional performance has become a larger percentage of their portfolios than they would like to have allocated to this sector, therefore they report that they are cutting some of their holdings 2. With large gains, they would like to lock some of these in before the end of the year and before the winter season settles in bringing weather related concerns." Good luck to everybody Michael