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

To: Swede who wrote (5964)	12/23/1997 11:22:00 AM
From: Teddy	Read Replies (1) \| Respond to of 95453

Thanks Swede, good report, no one knows oil better than Rauscher Pierce. Seems that everyone says this is sector to be in, i'll be buying more before the end of the year. Merry Christmas to All--AND a Happy New Year!

To: Swede who wrote (5964)	12/23/1997 12:24:00 PM
From: David Einstein	Respond to of 95453

The analyst you quote is strongly positive on the sector. Briefing.com still has the sector as the only one ranked # 1. Value Line still has the sector as the number 1 sector for the year ahead. Now, if only the general trading public would believe it and send these stocks up again. I hold RB,GLM,SDC,ESV,TDW,MIND, EGEO,KEG,PDE, AND VRC, and have either seen huge gains whittled away or new positions turned into losers, but I guess I'll hold on given all the positive sentiment out there and unchanging fundamentals. But then again, I also owned Oracle, Green Tree Financial, Seagate, and Western Digital prior to their recent meltdown-du- jours, so what do I know? Hoping as we all do for a turnaround soon.

To: Swede who wrote (5964)	12/23/1997 12:57:00 PM
From: Czechsinthemail	Respond to of 95453

Swede, Thanks for the Wickland info. I'm with him on his forecast of ongoing strength in the sector and his best ideas. I think the offshore drillers he names should be the strongest and least risky--I'm pretty heavy into NE and SDC. In addition to incredible growth prospects which remain strong, the industry has increasingly attractive PEG ratios. That means you can buy the growth at incredibly cheap prices. That translates into high return for relatively low risk. These companies should be prime targets for renewed fund buying soon. At that point they will be moving up fast enough that people will have to play catch up. Except for tax-oriented switches between companies, I think a sit and hold strategy is likely to have the best payoff. Baird