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

To: Winston Kim who wrote (3883)	11/26/1997 4:13:00 PM
From: johny	Respond to of 95453

Not a bad day to the sector in general, mostly green. With all the talk about the drop in the Oil prices, these stocks did very well indeed , still managing to post modest gains. This looks like a sign of a major bottom, incidently as stated by sone analyst on the AM today. Now keep an eye on the OPEC meeting, at these prices, a Saudi quota rise is allready discounted, so on the unlikely event that it does not happen the hole sector could really take off like a rocket.

To: Winston Kim who wrote (3883)	11/26/1997 4:13:00 PM
From: bw	Respond to of 95453

<<FGII right @ support around 30-31...If it breaks 30 next major support @25....What is going on?>> Believe it or not, this is still a VALUE sector.<g> FGII has been sort of the hood ornament on the recent momentum bus of the oil service stocks. It's meteoric rise was leading into the recent collapse..and thus led the way up & then down as well. Seems to be a much healthier situation at present values...With the 25% give-back of recent highs, these stocks are now online to advance at a more normal pace...IMHO Have a nice Thanksgiving all...today made mine! [+$k's]