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

To: The Perfect Hedge who wrote (4048)	12/1/1997 1:03:00 PM
From: dougjn	Respond to of 95453

I'm sure not jumping in. Looking, but waiting. Regards, Doug

To: The Perfect Hedge who wrote (4048)	12/1/1997 1:40:00 PM
From: Tulvio Durand	Respond to of 95453

You really think this is the bottom?Why? Sector has retraced about half today's loss. If it were to retraces some more before the close, for a total 2/3 retrace or better, it would be considered a bullish "hammer" chart formation. The giant sucking sound is from the rush of the shorters covering their bets. OPEC news is behind us. Uncertainty of oil sources, including SaDamn, remains in front of us. There's continued need of finding and drilling for new oil, like in Venezuela (CDG), where US is now inporting more from there than from OPEC. Tulvio