SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Platter who wrote (4163)12/2/1997 12:16:00 AM
From: XOsDaWAY2GO  Read Replies (1) | Respond to of 95453
 
This was in TheStreet.com.

Market Roundup: Dow Surges Nearly 200 to Close Above 8000

A burst of year-end euphoria got 1997's final month off to a huge start as the Dow Jones Industrial Average surged back above 8000, led by rejuvenated financial and technology stocks.

Looking at specific sectors, Meehan likes an old standby. "I had been avoiding the energy service and driller stocks since October 14, but now's as good a time as any to put your toes back in the water there," he said. "I like the climactic selling that we're seeing in some of the energy stocks, like Schlumberger." Schlumberger (SLB:NYSE) skidded 4 1/4 to 78 1/16 today as investors continued to snatch profits off the table throughout the sector. Diamond Offshore (DO:NYSE) lost 4 3/16 to 45 11/16, Cliffs Drilling (CDG:NYSE) lost 4 1/16 to 51 7/16 and Transocean Offshore (RIG:NYSE) lost 2 3/8 to 45 1/16.

Barbara