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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 (9029)1/21/1998 2:17:00 PM
From: Ms. X  Respond to of 95453
 
What I mean is the sector has a potential to move 53% to the upside given its history. This provides a solid upward base for the individual stocks but each need to be evaluated individually. Some will move better than others. Those with good relative strength will outperform those who don't etc.
Now, the sector can reverse down again should all hell break loose, but being below 30% gives us a limited downside movement as compared to reversing down at 70%. Understand?
You signed up for Dorseys site, yes? Check the charts and get a visual as to what I am talking about. You seem to really want to understand this. Great!



To: The Perfect Hedge who wrote (9029)1/21/1998 2:18:00 PM
From: Czechsinthemail  Respond to of 95453
 
Crude prices are inching up. Choppy oil prices suggests a bottoming in that market may be forming. It is helping to mitigate the fears of freefalling prices drying up drilling activity. If oil prices don't fall significantly, the drilling companies will be extremely strong this year. Once that perception sinks in, the prices will take off again. And there is nothing like an upward movement in oil prices to provide the reminder.
Baird



To: The Perfect Hedge who wrote (9029)1/21/1998 2:19:00 PM
From: Lazlo Pierce  Read Replies (1) | Respond to of 95453
 
another upgrade, from briefing.com <<Mitcham Industries (MIND) 16 3/16 -1/16: Dain Rauscher initiates coverage of company engaged in the leasing of 3-D seismic equipment to the oil and gas industry with "buy".....>>

Dave