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

To: Nancy who wrote (6988)	1/8/1998 12:23:00 AM
From: The Jedi	Read Replies (1) \| Respond to of 95453

Nancy I think the service sector is also taking the hit. What are the "floors" for the likes of BJS, SLB, TDW, HAL, HMAR, TMAR, WAI etc. Could you get PEnger estimates for these, would be of great help. Kiri

To: Nancy who wrote (6988)	1/14/1998 6:00:00 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 95453

Hello Nancy; What do you make of the last two day's action? I am prepared to sell into tomorrows rally (sell deep itm calls and/or short stock). A decent rally can be expected based upon option expiry only, as most calls are worthless (and therefore needing little hedging), while almost all puts are in the money, requiring the MM to be short stock to hedge. As puts are unwound, MM must buy back stock. If oil price has changed little this week, what else is driving price? Analysts would be idiots to be surprised by earnings. Based on TA only, must the recent lows be revisited to properly form a base? Thanks Mike