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

To: HH who wrote (3724)	11/24/1997 8:29:00 PM
From: Thean	Respond to of 95453

Heyward, read my previous post about how I feel about the drillers right now. If you have a time horizon through mid-January, you should be fine, in fact more than fine IMO. However, one always runs the risk of a sudden upturn in an environment like that. Maybe the best thing is to lighten things up a bit and be disciplined enough to move back when the first sign of an upturn appears. Consider using buy stops in this situation. About Malaysia, remember I told you 3 months ago this is not a few months issues but at least a year out before we will see recovery? It certainly has more validity now. I would still short Pac Rim funds.