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

To: Lucretius who wrote (6074)	12/24/1997 1:51:00 AM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 95453

L- Nice to see you back buddy! Hey,how about CSCO?If you're looking to make some more on the short side look at MOT,GTW(this one is a no-brainer),INTC,DELL,IBM and basically any bloated tech stock out there.GD

To: Lucretius who wrote (6074)	12/24/1997 10:11:00 AM
From: chirodoc	Respond to of 95453

THE THREADS ARE SCHIZOID I am hearing two divergeant opinions: 1. we are going inot a hellhole sellsellsellsellsellsellsell 2. in january we will snap back buybuybuybuybuybuybuybuy i disagree with both of these are wrong--my opinion is: 1. there is deflation and oil follows deflation in commodities 2. there is a slowdown in asia--slight drop in demand 3. there has been a lot of profit taking and the sector has bee dinged 4. rigs are still operating at almost full capacity my strategy is: 1. i didn't sell in novermer, yes i wish i had taken 25% off the table 2. january will not snap back 3. the turn will happen in about 6-9 months and there will be a big rally why? ...japan, korea, and ASEAN countries will need 6-9 months to start chugging again. mexico took one year and all of them have learned from their model. what could screw this up? japanese and korean politics are scary, but so far, from everything i have read they are SLOWLY doing the right thing--deregulation, easy money, lower taxes, cleanup bad banks. my tactic? slowly over the next 6 months continue to nibble at the big boy oil services waiting for a rally by next spring summer fall this is a great sector but was taken down by asia and will rise again with asia!!!!