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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 (7036)	1/8/1998 11:37:00 AM
From: HH	Read Replies (1) \| Respond to of 95453

I am as they say: FULLY INVESTED. Time to go duck hunting. take care HH

To: The Perfect Hedge who wrote (7036)	1/8/1998 11:37:00 AM
From: The Jedi	Respond to of 95453

They indicated that the commodity prices are declining and so do not expect the sector to outperform in the near future. I think more is to come. Worries in Asia translate into less demand which means oversupply and thus resulting in performance slower than other sectors. I think El-Nino has taken effect in that we keep seeing sliding natural gas and crude oil prices because of less than expected demand especially in North America. I think this sector is slowly being taken to the cleaners the same way Semiconductor sector was. Worry about the future, who cares about a rosy present. Kiri

To: The Perfect Hedge who wrote (7036)	1/8/1998 11:39:00 AM
From: Jack Be Quick	Respond to of 95453

>>Does anybody have Goldman's explanation for Hal's downgrade?<< As I fuzzily recall Maria B.'s reporting of this "investment news" - this was one of those deals where GS was removing it from their "focus" list, but keeping it on their "recommended" list, citing concerns about the short-term performance of the oil services sector (duh!). Maria B. also reported that someone or other was saying that momentum had left the oil drillers. If anyone here happens to see momentum around somewhere, like maybe at the pie factory, maybe we should ask momentum to return, since I was having a lot more fun when momentum was with us. Also, I just loaded some software that displays the stock price movements in the red and green colors that are so often mentioned here (previously I was in black and white). I see what you mean - all this red is a real bummer. Regards, John