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

To: RGinPG who wrote (8598)	1/17/1998 1:22:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

Ron, please keep an eye on S&P500 vs OSX for us. I seriously think the drillers are at the mercy of the overall market right now. OSX has strong correlation to S&P500 since early Dec. Would appreciate if you can update this very important indicator once every week. Thanks a lot for your work. In the day-to-day volatility, people seem to lose track of the bigger picture. The concerns that took us all down here are still out there. Don't talk about a turnaround just yet. We should talk about setting stops to protect recent gains. We all like to be optimistic because we have high stakes in this game. However, in this overall difficult market (a lot of analysts say the whole 1998 is going to be like this), one should think hard about risk management and not just hitting home runs.