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

To: chuck weir who wrote (4296)	12/2/1997 11:28:00 PM
From: Bill Li	Respond to of 95453

Chat with James J. Cramer 12/02/97 cauchy from wwa.com at 5:03pm ET you're taking a lot of heat [undeserved] on tsc for your comments on the drillers; I know you're bullish on the group, but why/when you do you bail out, also, what's your opinion of the analyst at morgan [lovoi], thanks James J. Cramer at 5:05pm ET I like Lavoie. I like this group very much and it has been a huge money maker for me these last two years. That said, I am not oblivious to crude. As long as crude stays in the $19-20 barrel range, I can make big money. Even $18. But at $16 projects will be cut back. Thats why the group sold off. I haven't bailed, but they have hurt me in the last few weeks. I have admitted that. I am short-term wrong on the group. It is very painful, but I believe in the sector as a long-term play and I am not bailing Moderator at 5:32pm ET Jim, Know you gotta run, but some themes for the coming year? And thanks for the chat. James J. Cramer at 5:34pm ET Next year the themes will continue to be financial consolidation, as well as, perhaps, a comeback in Japan. The drugs will remain strong. I believe the drillers will mount a strong comeback next year once oil resumes equilibrium. I think that the surprise will be how well the Japanese market does once they clean house, which they are not done with yet. Thanks so much Starwave and ABC.new.com and all of the terrific people involved (jeff!!!). Also thanks so much for attending everybody, and read many times a day in www.thestreet.com! good night