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Gold/Mining/Energy : NE, Noble Drilling -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (133)	11/21/1997 1:55:00 AM
From: Jack Be Quick	Respond to of 301

Lucretius, Re: >>Where you been George? That's old news. What's the matter? You short and a little worried...<< While I generally respect your opinion and appreciate your contributions to these threads, I have to say that, IMO, based on what Mr. Wigginton has actually posted to this thread, your comments to him are both rude and unwarranted. The articles that he has posted here are relevant to the topic and, in case you hadn't noticed, seem to have a direct bearing on recent events with which we are all concerned. It is not old news to me that NE is down from where it was Monday-it is CURRENT. If you want to rebut one analyst's forecast of a pretty severe correction over the next 3-6 months with another analyst's buy recomendation, fine. But saying that the first forecast was wrong simply because it was issued the day before and is, therefore, not as current, is a little wide of the mark. I don't have any problem with your disagreeing with the views expressed in the articles that Mr. Wigginton posted. However, I do not see how Mr. Wigginton has given anyone here cause to impugn his motives or to subject him to ridicule. I respectfully suggest that you review Mr. Wigginton's posts in a calmer mood and consider whether you may not perhaps be overreacting. (As in, chill out and get a grip!) Regards, John [The posts in question: exchange2000.com >>Today's Heard On The Street questions whether the group's 18 month bull run may be ending. They cite an easing of Mideast tensions, softening Asian demand and too many "oil bugs" amongst individuals, mutuals and hedge funds. Further, note is made that day rates aren't increasing as fast. "....but traders warn that when momentum dies, its tumble could be dramatic." OTH, eight firms reitereated buys. What to do? George<< exchange2000.com >>Last week's selling followed a big run in the stocks. But euphoria is fading fast. "I fully expect we are going to get a pretty severe correction in the group over the next three to six months, perhaps 20% to 25%," says a former Wall Street energy service analyst who now co-manages Loomis, Sayles Core Value Fund. Carroll remains bullish on the industry's long-term outlook, but for some time he has been worried about the stocks' high valuations and the momentum investors who he says fueled...... He recently lightened up on .........and Noble Drilling.<< ]