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

To: Bo Bob Brain who wrote (7732)	1/12/1998 8:03:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

<The trend is clearly to the downside. Maybe not so clear. It depends on which trend you're talking about. The long term trend looks pretty strong to the upside. That's why it's always uncertain when trends will suddenly end and reverse direction. Given the strong fundamental prospects that will be getting strong press through the earnings announcements, I would be reluctant to try making money by selling these companies anywhere near these prices. The selling momentum has been strong, but then again that's what makes oversold markets. Good luck, Baird

To: Bo Bob Brain who wrote (7732)	1/13/1998 6:21:00 AM
From: Bobby Yellin	Respond to of 95453

Hi- I knew that the oil market usually sells off towards the end of the year but didn't realize the oil service sector would get smashed so badly. Have no idea what is going on behind the scenes. Just feel this time is extremely different from Desert war times. The alignment in the middle east has changed so very much and the US does not have the support. Wonder if the state department knows that Sadaam is simply a bully and just likes to taunt the US but won't start anything? Heard that during the last war, US gave him the message that if he used any chemical warfare, he would have been blown into the sky. So what happened, with all the inaccurate bomb blast from us, we set off a lot of the chemicals supposedly. I read Kerm Korner almost diligently and it looks like drilling activity is still quite strong so hopefully we will see a rebound in this sector shortly. Supply still short, demand still high. I guess I should look at chart to determine when energy starts rising again for driving season etc. Thanks for your comments bobby