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

To: HH who wrote (10370)	2/2/1998 3:36:00 PM
From: Thean	Respond to of 95453

<off-topic> Heyward, congratulation. You did the right thing. Let me recollect now. You made all gains on shorting FGII, long GLM, and long GLM again. You are one good investor. What do you do now?

To: HH who wrote (10370)	2/2/1998 3:45:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 95453

You need to overlay some charts from this period last year. The oil services lagged the broader mkt's recovery for weeks before it launched. I remember, I was invested in them. However, the good side of that is, once the mkt did slow down, the drillers kept on running! Oil prices must only stabilize for this sector to explode again. We're in the base building process at this point. Give it a month or two of churning and we'll be ready. I believe the risk at this point is that the recovery will happen sooner rather than later. Some may get caught w/ their pants down. What a shame to endure the last few months in this sector, only to sell out weeks before the uptrend begins again. The fact of the matter is, nothing is going to jump out at you and say "THIS IS IT!" By the time you believe that the recovery is in full force, half of it is already over. The knife has stopped falling. If you believe in the fundamentals, BUY. If you don't, look elsewhere. -Lucretius