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

To: Thean who wrote (4288)	12/2/1997 9:35:00 PM
From: SJS	Respond to of 95453

Thean, Terrific. Well done analysis. Thanks for all the time you put into it. Steve

To: Thean who wrote (4288)	12/2/1997 9:42:00 PM
From: The Perfect Hedge	Respond to of 95453

It hurt to read your analysis but it was right on and much appreciated.GD

To: Thean who wrote (4288)	12/2/1997 11:24:00 PM
From: chuck weir	Read Replies (1) \| Respond to of 95453

Thean, a composite graph of 29 Drillers is resting at a minor support level also; the RSI went below 30 yesterday and is above 30 at todays close; the stochastics is still below 20; the on-balance volume for the group is above the the prior price support level (suggesting that the sell off was not 'severe'); the price closed above the lower Bollinger band and suggests a test of the 20-day moving average (a 11 - 13% up move). Given no significant eps downgrades (Zacks reporting a few minor downward adjustments) it looks to me like this is a time to start accumulating again.

To: Thean who wrote (4288)	12/2/1997 11:35:00 PM
From: Gottfried	Respond to of 95453

Thean, thanks for the analysis! Very helpful to me, as I'm considering putting some money pulled out of a tech stock into ESV. Will wait a bit longer. GM

To: Thean who wrote (4288)	12/3/1997 2:11:00 AM
From: Iceberg	Respond to of 95453

>9. Weekly charts show we have a way to go to form a good looking bottom. So we are susceptible to profit taking again and a good bottom will take another 3-4 weeks to round out (-1). Thean, Congratulations for a great write up! I just wanted to point out that I had observed the same thing in regards to the weekly charts. They look perfectly awful to me. So I'm going to use the daily ones instead.. <g> Ice