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

To: SJS who wrote (6622)	1/5/1998 2:25:00 PM
From: bw	Respond to of 95453

Well..Back into cash, after a losing day fighting the trend. This was getting into some serious carnage, but... Will live to fight another day!

To: SJS who wrote (6622)	1/5/1998 2:27:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

We are taking it on the chin again. I don't see any positive going forward technically for the rest of this week. The corner has been turned and we are going down. I have never shorted the drillers but are seriously considering trading both long and short until we can climb out from this fall. PEngr is right again. Anyone has his latest posts? At the rate we are going, we may revisit the recent lows in a day or two. The last time (early Dec) we saw this pattern of making lower lows, we went down the supports as if they were not there. The lower BB will go lower if we close right now, losing 5% across the board.