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

To: Redman who wrote (5735)	12/19/1997 3:44:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 95453

Anybody just catch what Ken Heebner just said about "don't go out and buy the oil service stocks just because their cheap" and Ron said "but the service co's are seeing huge demand"----what did the guy say after that to rebutt Ron's statement?GD

To: Redman who wrote (5735)	12/19/1997 3:44:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Am I seeing smoke or am I just imagining things. Are the drillers perking up going into the close?

To: Redman who wrote (5735)	12/19/1997 3:47:00 PM
From: Iceberg	Respond to of 95453

Greenman, I'm not sure fundamentals have much to do with a stock's market price, at least in the short run. If it did, the market would be understandable, but it's not, so it isn't. That's the way I see it, and it's why things seem screwed up. I agree. Ice

To: Redman who wrote (5735)	12/19/1997 4:30:00 PM
From: Spartex	Read Replies (1) \| Respond to of 95453

Techs were way oversold relative to their fundamentals and growth. Nothing magical, more just cyclical. Look at last winters correction and the same thing occured in techs then followed by large caps.

To: Redman who wrote (5735)	12/19/1997 4:53:00 PM
From: Dragon 1	Respond to of 95453

Mr Green, I agree. Even though it's a down day today, I don't think we should underestimate the potential forces behind the partial recovery at the end of the day. Look at the bigname techs, CSCO,ASND, IBM,INTC, even COMS after its bad numbers. INTC's performance is especially impressive even though looking at its all time high it is still way depressed. This, amidst all the naysaying noises, only concludes its undying strength. Tech is the future and so is oil. It doesn't matter how much EVI, DO or ARC is down; you never see less people driving on the road and that means consumption. Asia is going through its growing pains; it feels painful because it is growing at a pace like it has never before. The way this Asian crisis is played out is a case in point: if the fall in Asian markets did not cause the Dow to drop a couple of hundred points in one day, then the Asian economy is not viable enough to even mention. Markets go up and down which is and should be a known to all investors. The only leverage one has against the hazards is timing. If one stays dry up to this moment, it is time to plant the seeds, water them in spring and when autumn comes, he will have a bumper harvest. But remember, if he doesn't reap when the crops are ripe, it will rot in time. Simple as that. Good luck. BTW. I got in GW big days ago at 5 1/2 and got out at 6 3/16 2 or3 days later. Now I'm in GW again at 5 3/8 (couldn't do 5 1/8 which is a shame). I have a hunch there is going to be a rally starting next week, including Asian markets. Just my opinion. Regards XQ