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

To: pz who wrote (5248)	12/15/1997 5:06:00 PM
From: Czechsinthemail	Respond to of 95453

Well, if gloomy sentiment is any indicator, we should be near or past bottom. It is hard to stomach, but this is what bottoms feel like. I realize it is even harder for those who have been trying to option trade it. The short term is very hard to call in large part because it is so emotionally driven right now and because of options expiration trading this week. But the very positive intermediate and long-term picture is still intact. At some point relative value wins out and all the geniuses that have avoided these companies will be back chasing them. One bright spot in today's trading was the strength among the oil companies. You can bet that you won't have strong performance by the producers without the drillers and service companies joining in the party. Keep the faith and keep your shares. Baird