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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 (9863)	1/27/1998 3:54:00 PM
From: jerry sullivan	Read Replies (1) \| Respond to of 95453

This morning I bought two really great drillers...INTC and MSFT. I like stocks that go up....js

To: The Perfect Hedge who wrote (9863)	1/27/1998 4:06:00 PM
From: David Einstein	Respond to of 95453

You're right, this is very frustrating. A poor showing on a powerful up day for the rest of the market. Fundamentals, TA, price of oil, sabre-rattling with Iraq, Clinton's requirement for petroleum lubricants, nothing can make these stocks go. Energy Services sector, once a vibrant young buck, now R.I.P.

To: The Perfect Hedge who wrote (9863)	1/27/1998 4:16:00 PM
From: Broken_Clock	Respond to of 95453

Glen, I just watched today...It looks like indecision....not to alarming actually.I wasn't expecting anything to rocket.I am leaning more towards a basing action as Thean described(bw, Baird, LT)... all seem to agree on long term.I will email you later. dave

To: The Perfect Hedge who wrote (9863)	1/27/1998 7:46:00 PM
From: NucTrader	Read Replies (1) \| Respond to of 95453

CBNC tonight was careful to say: "Oil service stocks, not the drillers..."

To: The Perfect Hedge who wrote (9863)	1/27/1998 9:16:00 PM
From: TREND1	Read Replies (1) \| Respond to of 95453

glen Three oil drillers with monthly charts trending down. GLM SLB RDC Also explains importance of monthly trend. Vist my web site at geocities.com Larry Dudash

To: The Perfect Hedge who wrote (9863)	1/27/1998 9:47:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Glen, I'm at the office again and don't have your email here.My IQ candle charts on a weekly and daily basis indicate to me that we are now basing and forming higher lows.Give the recovery a little time.if you believe the fundamentals are in place, then a safer tactic is go long and write covered calls.i started doing that in Oct and got slammed(didn't realize how far these could drop!).Valuation is now at a point where monthly call premiums are very protective at these price levels.Feb FGii calls give 10% protection.pretty good.I don't see FGII falling below 20 again.This looks like a very tradeable range if you are long and write on the rises and buy back on the dips.Time for me to recover some $ from FGII...ala Steve Sohn(good call Steve). dave