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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 (9785)	1/26/1998 3:55:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

On Baker Hughes... BAKER-HUGHES INC. (BHI) 35 9/16 -1/4. After moving higher at the open, shares of oil and gas equipment and services concern are trading with a downward bias even though 1Q results came in ahead of Wall Street expectations. According to the company, it had operating earnings of $0.46 a share, two cents ahead of the First Call estimate, versus year-ago net of $0.34 a share. Revenues for the period rose 37% to $1.13 billion as the company was able to generate strong growth across various business segments. While the company is currently monitoring closely the weaker customer demand trend that is likely to develop from the economic slowing in the Asian markets, Baker-Hughes seems comfortable with the fundamentals of the overall business that are currently in place and seems determine to ride-out the bumps in the road in 1998. In recent months, oilfield services stocks have come under pressure as the developments in Asian, coupled with softer oil crude prices have contributed to a more cautious environment in view of the performance in 1997. As long as oil prices remain depressed, oil services stocks are likely to remain under pressure, although the situation in Asia will also compound the pricing picture. Currently, this issue is trading at close to 17 times projected 1998 earnings of $2.12 a share and 13.3 times projected 1999 EPS of $2.70. If the oil pictures become more certain, these shares have room to move up by at least 25% over the next several quarters.

To: The Perfect Hedge who wrote (9785)	1/26/1998 3:59:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

GD, Don't give up Glen.Just find a method that works for you and get better at it.Today smells like a fake out to me.Draw the channel on the OSX chart I posted.http://207.95.154.130/chart/default.exe?PERIOD=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=%24osx Look at Jan 5th(?).Lot's of selling into strength right now and SLB dropping back. Just get better so you can get even.Write down your mistakes and learn from them. dave