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

To: Lazlo Pierce who wrote (7321)	1/9/1998 12:31:00 PM
From: Redman	Read Replies (1) \| Respond to of 95453

Things seem to be bouncing off their lows. Maybe some sort of interest out there for stocks with 1998 PE of 7-10 and growth rates of 30-40%. By the way, if you are wondering which stocks will rebound the hardest, my vote goes to RON and PTEN. They have gotten the shit kicked out of them over the last 3 days. green

To: Lazlo Pierce who wrote (7321)	1/9/1998 12:33:00 PM
From: Tulvio Durand	Respond to of 95453

Dave, you're adding one more piece of negativity, which is good from a contrarian perspective. <G> Tulvio

To: Lazlo Pierce who wrote (7321)	1/9/1998 12:33:00 PM
From: bw	Respond to of 95453

Remember too that this is Friday, and there will be apprehension about holding over the weekend with the ongoing global economic turmoil. On the news now they are talking about sending troops into the streets of Indonesia, to stop the panic hoarding of food. Japan is their largest trading partner, and financier...so beware of more fallout. Calling the bottom today or near-term is a hard call...

To: Lazlo Pierce who wrote (7321)	1/9/1998 12:43:00 PM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 95453

From Briefing.com Re: I/O <<INPUT/OUTPUT (IO) 20 -5 7/8. Shares of this seismic data acquisition services company are being crushed by a Goldman Sachs downgrade from "recommended list "buy" to "market outperform." The interesting thing about the move, however, is that Goldman continues to be extremely bullish on the company's prospects. According to analyst John Reynolds, near term prospects for the seismic equipment market appear quite positive. And, based on Mr. Reynolds decision to maintain his FY98 earnings estimate of $1.25 and his 1999 view of $1.50, IO's earnings picture has not changed. More than anything else it appears the Goldman analyst is simply attempting to lower his investment rating to a level that would better reflect the less certain near-term outlook for oilfield services stocks given the technical breakdown in the sector. The analyst's new price target of $33 (lowered from $40), suggests upside potential of 65% from the stock's current level. But you can almost be certain that Mr. Reynolds did not expect today's downgrade to have such a pronounced effect on the stock.>> ********************* Dave