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

To: Lucretius who wrote (3575)	11/23/1997 1:36:00 AM
From: The Perfect Hedge	Respond to of 95453

I read the piece in IBD and my question is about the service stocks.shouldn't the equipment stocks move with the drillers?GD

To: Lucretius who wrote (3575)	11/23/1997 1:48:00 AM
From: scname	Respond to of 95453

The key will be how much better the new rates are to previous ones. A couple thousand better won't do it. Stock is selling at 15 times next years PE. Will rates keep growing to sustain this PE? I reckon deep water Gulf Mexico bubble has not burst yet. Investors still expect every well to produce 20000 BOD and never a dry hole again. Think about the risk here.

To: Lucretius who wrote (3575)	11/23/1997 2:05:00 AM
From: scname	Read Replies (3) \| Respond to of 95453

Do you have to bring on the analysts again? Last year insiders at the networking companies were selling like mad and all them analysts at all those big houses kept telling people its just normal profit taking, paying kid's tution,etc and there ain't no slow down in the sector. We all know what happened this spring. In the mean time, I think we might enter a trading range for 6 month if we don't get another mass selloff like last week. I'm leaning toward the later, there are always people late to the party. Will another mass selloff convince you we are going to give back 6 month worth of gains? I'm