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

To: The Perfect Hedge who wrote (5981)	12/23/1997 2:07:00 PM
From: Tony D.	Read Replies (1) \| Respond to of 95453

I have been diversifying out of tech's so I came to the drillers. Thought I would find less volatility. I must admit that although prices are falling I haven't seen any change in the fundamentals as I did with the tech's. Granted, the tech's started to issue bad news slowly and the more and more. I haven't heard any meaningful negatives so far with the drillers - actually only good news. I am into Tidewater (TDW) and so far I have seen two upgrades, sale of a gas division for a record amount, and good news in general re: their day rates. I am trying ro hang in there - maybe will average down one more time. Good Luck, Tony D.