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

To: John Peterson who wrote (5594)	12/18/1997 11:53:00 AM
From: Redman	Respond to of 95453

OK now, we finally got all three of the big boys back in green. That being SLB, HAL and now BJS just went go. This should start to trend the others up. green

To: John Peterson who wrote (5594)	12/18/1997 12:02:00 PM
From: Czechsinthemail	Respond to of 95453

Few bright spots today, but it's nice to have SDC among them. It has been one of the most oversold drillers. It lends some support to the bargain-hunting thesis: that investors are sifting through the wreckage to select from among the more down companies the best rebound candidates. Baird

To: John Peterson who wrote (5594)	12/18/1997 12:06:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Those who have a loss, think about year end tax loss selling and use the cash to buy another driller in the same sector. For example, sell PTEN for NBR, UTI, GW, BDI or PKD (all land drillers). Also, GLM for ESV, CDG, NE, FLC. MAVK for EVI. And MIND for ??? By doing this you may save some tax money. REMEMBER, you need to use the cash to buy another company if you want to participate. IF you sell out now and sit on cash, you are taking a big risk for not able to participate if things go sky high again. I think it is time to pull out the one year chart for any of the offshore drillers (except land drillers because they started late) and start imagine the possibility for the next year ahead.