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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 (9882)	1/27/1998 6:46:00 PM
From: The Perfect Hedge	Respond to of 95453

Got thi sfrom Yahoo who got it from street .com >>Subj: Ted Murphy By: saudi_94 Date: Jan 27 1998 11:45 A.M PST Reply To: Msg. 1 by YahooFinance He recommends the oil service sector in " The Street.Com" newsletter today. Reasoning is traditional fund managers will move in soon...replacing the momentum folks who have caused so much downside in these stocks in recent months. Make your own decisions on his piece..<<

To: The Perfect Hedge who wrote (9882)	1/27/1998 8:24:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

Glen, I recall the last time (about two weeks ago) when everyone on this thread spouted bearish sentiment the OSX promptly recovered 15% in in the next few days. Thus I'm beginning to see this thread's sentiment as a probably good contrarian indicator. The fundamentals are actually improved over the last time when OSX went down to 88, spot oil under $16, and no upside earnings surprises at that time. Now we have OSX at 95+ and making higher low and high for the day, March oil is $17+, quite a few drillers reported upside earnings surprises, Saddam is egging on the US and UN to cut off his oil production, and Battipaglia (whose opinion I respect) reiterates his bullish call on this sector. If one agrees that the fundamentals remain intact, why run away from this sector? Tulvio