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

To: debra vogt who wrote (9114)	1/21/1998 11:43:00 PM
From: Thomas M.	Respond to of 95453

U.S. Strategy:The Ten Surprises of 1998 By: Byron R. Wien exchange2000.com ...Oil and oil service stocks shake off the effect of increased OPEC production and resume their uptrend... Tom

To: debra vogt who wrote (9114)	1/21/1998 11:55:00 PM
From: TREND1	Read Replies (1) \| Respond to of 95453

debra I don't think Clinton owns very much in the way of oil stocks (g) Larry Dudash

To: debra vogt who wrote (9114)	1/22/1998 12:03:00 AM
From: John Carpenter	Read Replies (1) \| Respond to of 95453

Debra, It is extremely unlikely that Clinton will be forced to resign -he is very, very resilient. His resignation, IF it occured, would probably cause a selloff that would last a few hours. Then, the calmer, "brilliant" investors would recognize that Al Gore would take Clinton's place. Gore would maintain 99.9% of Clinton's policies. The market would recover fast. The fundamentals for the drillers are nothing short of extraordinary, particularly at firms like RIG, FLC, FGII who report that business is IMPROVING. As for the technicals, in the short run ANYTHING GOES. Be careful with your trading(gambling) account. The best stock in the world can go down for a few days/months-it doesn't necessarily mean that the fundamentals have deteriorated. Think about how often traders and analysts have fears that prove to be unfounded-it happens all the time. Or even how CNBC trumpets the worry du jour. The companies we follow are exceeding earnings estimates. It angers me when I see how often these concerns prove to be unfounded and groundless. In the case of RIG and FLC, these stocks have more than quadrupled(even at today's prices) in the last three years. Does a few points really make much of a difference when you look at these stock's long term charts? John