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

To: Bazmataz who wrote (8143)	1/14/1998 10:21:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Barry, you still have sound mind and a clear vision. Everyone should read his post #8144. Can't agree more. One can bottom fish here, but please set stop to protect losses if one is thinking to play the rebound. Unless one has 6 months horizon, this is not the place for the faint of heart.

To: Bazmataz who wrote (8143)	1/14/1998 10:58:00 PM
From: Czechsinthemail	Respond to of 95453

Barry, Trends, like beauty, are in the eye of the beholder. For one thing, there is the time scale you are focusing on. For another, it is a judgment call whether a move is a change of trend or simply normal fluctuation in a continuing trend. It is always challenging to predict because sometimes the trends continue and sometimes things change. Though people are fond of aphorisms like "The trend is your friend", it is also true that people get nailed buying at tops or selling at bottoms by projecting a continuing trend at the point it reverses. That's why some people start salivating when prices go lower because it means they are getting closer to their eventual bottom and, from a longer term perspective, they are less risky. At the same time others grow increasingly fearful that it is the indication of an ever-worsening downtrend. What you can say about the drilling and oilfield stocks is that move a lot. If you have the time and money to buy them during selloffs and the discipline to sell some when they are at new highs, you can profit enormously from the movement. I'm kind of old-fashioned, but I like to think out a reason why a stock is priced where it is, or why its price is moving up or moving down. If it doesn't make sense, I tend to think of it as undervalued or overvalued. Buying undervalued and selling overvalued -- though admittedly no cakewalk in an uncertain and changing macro market environment -- does make sense to me. Good luck to you, Baird

To: Bazmataz who wrote (8143)	1/14/1998 11:04:00 PM
From: chuck weir	Read Replies (1) \| Respond to of 95453

Barry, I noticed RDC has been bouncing off the lower Bollinger band and touching the 20-day line since 11/10/97; my charts show the 20-day average at 28.08 or so; someone can make a few $$ trading this if they can't get to Las Vegas for the weekends; OBV suggests decent accumulation the past few trading days; with positive comments from their main man tomorrow morning on CNBC and a $3 eps for '98, who knows, there might be a decent trading profit in this company if one has some patience.