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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 (5988)	12/23/1997 2:46:00 PM
From: JHR	Read Replies (1) \| Respond to of 95453

Glenn, whats the next support level? EOM

To: The Perfect Hedge who wrote (5988)	12/23/1997 2:55:00 PM
From: dougjn	Read Replies (2) \| Respond to of 95453

My judgement of Asian impact FWIW is that while drillers now are beirg hit by fears and the unknown, drillers will end up being amoung the groups least affected, with strongest earnings comparisons, and hense will rally strongly, very strongly, as some point. Exactly when is hard to say, of course. Seems to me could happen anytime. I think next time there is a strong rally of any subset of the street, drillers will be among the upward movers. Of course there is the risk that the whole sector could dramatically fall apart if light sweet prices went and stayed in the sub 17 area. But I really doubt that's happening. Biggest risk seems to me is any dramatic rapproachment w/Iraq allowing much higher pumping by them. That seems quite unlikely for a good while. Anyway, I've been starting to buy back in. A bit of RB, DO, NE. My guesses. BWDIK? Doug