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

To: SJS who wrote (3632)11/24/1997 2:10:00 PM
From: The Perfect Hedge  Read Replies (2) | Respond to of 95453
 
Does it really matter to us if the $ of oil drops a couple of bucks?GD



To: SJS who wrote (3632)11/24/1997 2:11:00 PM
From: RealMuLan  Read Replies (2) | Respond to of 95453
 
Yes. Most of drilling stocks have gone back to AUG/SEP. price, such as DO, UTI, RIG, GIFI, to name a few. So this time really seems different than those small corrections during the last 2 months or so. Is it because mutual fund year-end sale?



To: SJS who wrote (3632)11/24/1997 2:17:00 PM
From: Iceberg  Read Replies (1) | Respond to of 95453
 
>We've lost about 3.5 months of gains.

Steve,

Same for GLBL, as just one example. Ridiculous isn't it?

Ice



To: SJS who wrote (3632)11/24/1997 2:25:00 PM
From: Tom L. French  Read Replies (1) | Respond to of 95453
 
Steve

The goods news about where we are now is that some of these stocks (like DO) are at significant support, which goes back to August. The bad news could come if we break support here, because then it looks like a double top has formed with more downside to come.

Mike is surely right about the long term, but these world/economic/market events could set back anyone looking at these stocks for the next 3-6 months (like me).

Regards,

-TomLF


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