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

To: bw who wrote (6644)	1/5/1998 5:15:00 PM
From: Bazmataz	Read Replies (1) \| Respond to of 95453

Thanks for the comments. I do know there is more risk associated with what Rowan is doing. I've been holding them since 14 and 18 1/8, and anm feeling the pain with everyone else. 10% in one day is pretty steep. All I'm hearing on CNBC is how dropping oil prices are expected to continue, Asia turmoil (with oil being traded in US$ and other currencies becoming more devalued daily) and other factors are pissing all our profits away. I'm sitting on a wad of cash I took in September and am not sure when or what to buy next. I still think it's too soon for the drillers, though, despite some apparent "values" that are popping up. Perhaps the major multinationals - like Schlumberger - will hold up better during this turmoil. Opinion? BC