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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 (7697)	1/12/1998 3:16:00 PM
From: Redman	Respond to of 95453

Well, I am getting very dizzy watching this screen. We are starting to move back up again and hopefully to stay. green

To: The Perfect Hedge who wrote (7697)	1/12/1998 3:17:00 PM
From: Dragon 1	Read Replies (2) \| Respond to of 95453

Glen, don't whimper. Die a martyr's death. After all, this is what you believe in. Not even mentally let Kiri win his bet!!! Now get up from your knees and go out and have some fun <g>

To: The Perfect Hedge who wrote (7697)	1/12/1998 3:21:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 95453

From my VP of exploration at a major oil co.: "Crude has not bottomed. I see 16 (NYMEX) by the end of the week. 15.5 should be the bottom w/ the price averaging 17 to 18 for '98. We have budgeted for 17" So, too late to sell, but a little downside left. Ave price being between 17 and 18 for '98 will do our drillers just fine. They will explode to the upside as product prices normalize. In conclusion, you can believe an opthamologist who thinks he's an oil analyst and look for $12 oil, or you can go w/ a guy that's in the business and actually rents these rigs. I know who I'm going w/, but then again I'm just a peasant and not as fancy as some of you trader types. (gg) -Lucretius

To: The Perfect Hedge who wrote (7697)	1/12/1998 3:22:00 PM
From: HH	Respond to of 95453

I watched GLM pretty closely today and virtually all its volume 3,000,000 plus shares traded as the stock went up. Then it fell 5% in no time on no vlume. My conclusion is that portends a strong rally. The specialist took it down to scare some selling so they can strenghten their inventory to sell as the stock rises. just wishfull thinking? HH